$1,068 Closing Credit*
$89,900
1,462 SqFt
3 Beds
•1 Full Bath
Jorge Zea, Listing Office: BLUE LIGHTHOUSE REALTY INC
Is Southeast Gainesville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Southeast Gainesville was a Seller's Market.
Key Takeaway
Southeast Gainesville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Southeast Gainesville, FL
How much do homes in Southeast Gainesville, FL cost?
Median Sold Price
$182,500
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,000(-4.7%)
Key Takeaway
Homes in Southeast Gainesville have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Southeast Gainesville was $182,500 in October 2024, down 4.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | $135K | +17.4% |
| 3 Bedrooms | $199.7K | $195K | -2.4% |
| 4 Bedrooms | $215.5K | $229.5K | +6.5% |
| 5+ Bedrooms | - | $729.9K | N/A |
Summary: Southeast Gainesville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes did not change.
Housing Supply in Southeast Gainesville, FL
How many homes are available in Southeast Gainesville, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 39 | -13.3% |
Summary: The Southeast Gainesville real estate market had 39 homes for sale in October 2024, a 13.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 25 | 21 | -16.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Southeast Gainesville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Gainesville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Southeast Gainesville in October 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Southeast Gainesville, FL
How long does it take to sell a home in Southeast Gainesville, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 57 Days | +229.8% |
Summary: Homes in Southeast Gainesville had an average of 57 days on market in Oct 2024, up by 229.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Gainesville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Southeast Gainesville; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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