Is Gainesville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Gainesville has remained a Seller's Market.
Housing Prices in Gainesville, GA
How much do homes in Gainesville, GA cost?
Median Sold Price
$391,089
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Gainesville was $391,089 in June 2024, up 2% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $250K | -10.7% |
2 Bedrooms | $248.5K | $266.5K | +7.2% |
3 Bedrooms | $330K | $345K | +4.5% |
4 Bedrooms | $437.9K | $478.8K | +9.3% |
5+ Bedrooms | $549K | $600K | +9.3% |
Summary: Gainesville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
Oakwood | $301.2K | $336.3K | +11.6% |
Gainesville | $383.2K | $391K | +2.0% |
Murrayville | $413.1K | $399.4K | -3.3% |
Housing Supply in Gainesville, GA
How many homes are available in Gainesville, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
738 | 798 | +8.1% |
Summary: The Gainesville real estate market had 798 homes for sale in June 2024, a 8.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 50 | 58 | +16.0% |
3 Bedrooms | 279 | 301 | +7.9% |
4 Bedrooms | 268 | 274 | +2.2% |
5+ Bedrooms | 138 | 162 | +17.4% |
Summary: The Gainesville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
163 | 147 | -9.8% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 147 homes were sold or pending in Gainesville in June 2024, down by 9.8% month-over-month. Of the 142 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for Gainesville, GA
How long does it take to sell a home in Gainesville, GA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
31 Days | 43 Days | +36.3% |
Summary: Homes in Gainesville had an average of 43 days on market in Jun 2024, up by 36.3% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During June 2024, 147 homes were sold in Gainesville; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.