Is Gainesville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Gainesville has remained a Seller's Market.
Key Takeaway
Gainesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gainesville, FL
How much do homes in Gainesville, FL cost?
Median Sold Price
$311,018
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gainesville have sold for 22.9% more than they did a year ago.
Summary: The median home sold price in Gainesville was $311,018 in April 2024, up 22.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | $125.5K | +5.5% |
| 2 Bedrooms | $177.8K | $186K | +4.6% |
| 3 Bedrooms | $280.1K | $312.1K | +11.4% |
| 4 Bedrooms | $389.5K | $427.6K | +9.8% |
| 5+ Bedrooms | $552.5K | $582.7K | +5.5% |
Summary: Gainesville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Gainesville | $252.9K | $311K | +22.9% |
| High Springs-Alachua | $330.7K | $329.9K | -0.3% |
| Alachua | $341.9K | $335.1K | -2.0% |
Housing Supply in Gainesville, FL
How many homes are available in Gainesville, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,043 | 1,081 | +3.6% |
Summary: The Gainesville real estate market had 1,081 homes for sale in April 2024, a 3.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 39 | 40 | +2.6% |
| 2 Bedrooms | 229 | 243 | +6.1% |
| 3 Bedrooms | 410 | 422 | +2.9% |
| 4 Bedrooms | 285 | 298 | +4.6% |
| 5+ Bedrooms | 80 | 78 | -2.5% |
Summary: The Gainesville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 181 | 240 | +32.6% |
Asking Price vs. Sold Price
138 Homes Were Sold
Under Asking
65 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gainesville, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.
Summary: A total of 240 homes were sold or pending in Gainesville in April 2024, up by 32.6% month-over-month. Of the 240 sold homes, 57% were sold under asking, 27% were sold at asking, and 15% were sold over asking.
Days on Market for Gainesville, FL
How long does it take to sell a home in Gainesville, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 42 Days | +43.1% |
Summary: Homes in Gainesville had an average of 42 days on market in Apr 2024, up by 43.1% compared to last year.
Breakdown of Home Sale Times
146 Homes Were Sold
Under 30 Days
55 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gainesville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 240 homes were sold in Gainesville; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.