Is Gainesville, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gainesville is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Gainesville was a Seller's Market.

Key Takeaway

Gainesville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Gainesville, FL

How much do homes in Gainesville, FL cost?

Median Sold Price

$310,076

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,876(+4.7%)

Key Takeaway

Homes in Gainesville have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Gainesville was $310,076 in November 2024, up 4.7% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $126K$120K
-4.8%
2 $183K$184K
+0.6%
3 $302.4K$309.7K
+2.4%
4 $420K$439.9K
+4.8%
5+ $600K$615K
+2.5%

Summary: Gainesville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Cities

Gainesville
+4.7%
High Springs-Alachua
0.2%
Alachua
-0.8%

Housing Supply in Gainesville, FL

How many homes are available in Gainesville, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
985953-3.2%

Summary: The Gainesville real estate market had 953 homes for sale in November 2024, a 3.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4036
-10.0%
2 224219
-2.2%
3 398378
-5.0%
4 267263
-1.5%
5+ 5657
+1.8%

Summary: The Gainesville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 1.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
144113-21.5%

Asking Price vs. Sold Price

77 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gainesville, you may be able to get a good deal. 68.1% of homes here sold below asking price last month.

Summary: A total of 113 homes were sold or pending in Gainesville in November 2024, down by 21.5% month-over-month. Of the 113 sold homes, 68% were sold under asking, 18% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
41 Days70 Days+68.8%

Summary: Homes in Gainesville had an average of 70 days on market in Nov 2024, up by 68.8% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

29 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gainesville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 113 homes were sold in Gainesville; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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