$9,203 Closing Credit*
$775,000
3,580 SqFt
3 Beds
•3 Full Baths
Steve Capalbo, Listing Office: Long & Foster Real Estate, Inc.
Is Gainesville, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, VA
How much do homes in Gainesville, VA cost?
Median Sold Price
$640,152
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,968(+9.6%)
Key Takeaway
Homes in Gainesville have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Gainesville was $640,152 in November 2024, up 9.6% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $230K | +8.5% |
| 2 Bedrooms | $390K | $400K | +2.6% |
| 3 Bedrooms | $499.9K | $542.5K | +8.5% |
| 4 Bedrooms | $700K | $775K | +10.7% |
| 5+ Bedrooms | $899.9K | $940K | +4.5% |
Summary: Gainesville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Gainesville | $584.1K | $640.1K | +9.6% |
| Broad Run | $710.5K | $750K | +5.6% |
| Chantilly | $713.9K | $751.5K | +5.3% |
| Haymarket | $710.2K | $735K | +3.5% |
Housing Supply in Gainesville, VA
How many homes are available in Gainesville, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 263 | 244 | -7.2% |
Summary: The Gainesville real estate market had 244 homes for sale in November 2024, a 7.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 108 | 107 | -0.9% |
| 4 Bedrooms | 88 | 85 | -3.4% |
| 5+ Bedrooms | 44 | 31 | -29.5% |
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 decreased by 9.1%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 29.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 106 | 85 | -19.8% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gainesville, you could pay more than the asking price. 35.3% of homes here sold above asking price last month.
Summary: A total of 85 homes were sold or pending in Gainesville in November 2024, down by 19.8% month-over-month. Of the 85 sold homes, 33% were sold under asking, 32% were sold at asking, and 35% were sold over asking.
Days on Market for Gainesville, VA
How long does it take to sell a home in Gainesville, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 24 Days | -1.3% |
Summary: Homes in Gainesville had an average of 24 days on market in Nov 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 85 homes were sold in Gainesville; 73% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
