$4,986 Closing Credit*
$419,900
2,211 SqFt
3 Beds
•2 Full Baths
Jessie J. Carmon, Listing Office: The Norton Agency
Is Gainesville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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, GA
How much do homes in Gainesville, GA cost?
Median Sold Price
$400,055
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,356(+2.9%)
Key Takeaway
Homes in Gainesville have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Gainesville was $400,055 in November 2024, up 2.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $260K | +4.0% |
| 2 Bedrooms | $250K | $284K | +13.6% |
| 3 Bedrooms | $334.9K | $350K | +4.5% |
| 4 Bedrooms | $460K | $475.2K | +3.3% |
| 5+ Bedrooms | $550K | $597.5K | +8.6% |
Summary: Gainesville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Oakwood | $314.9K | $333K | +5.7% |
| Murrayville | $400K | $420K | +5.0% |
| Gainesville | $388.6K | $400K | +2.9% |
Housing Supply in Gainesville, GA
How many homes are available in Gainesville, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 750 | 729 | -2.8% |
Summary: The Gainesville real estate market had 729 homes for sale in November 2024, a 2.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 54 | 57 | +5.6% |
| 3 Bedrooms | 302 | 274 | -9.3% |
| 4 Bedrooms | 235 | 234 | -0.4% |
| 5+ Bedrooms | 159 | 164 | +3.1% |
Summary: The Gainesville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 151 | 96 | -36.4% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gainesville, you may be able to get a good deal. 62% of homes here sold below asking price last month.
Summary: A total of 96 homes were sold or pending in Gainesville in November 2024, down by 36.4% month-over-month. Of the 92 sold homes, 62% were sold under asking, 29% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 46 Days | +42.6% |
Summary: Homes in Gainesville had an average of 46 days on market in Nov 2024, up by 42.6% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gainesville has remained consistent over time.
Summary: During November 2024, 96 homes were sold in Gainesville; 41% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information 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. Information deemed reliable but not guaranteed.