Is Eastside / Northeast Gainesville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Eastside / Northeast Gainesville has remained a Seller's Market.
Key Takeaway
Eastside / Northeast Gainesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eastside / Northeast Gainesville, FL
How much do homes in Eastside / Northeast Gainesville, FL cost?
Median Sold Price
$214,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Eastside / Northeast Gainesville have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Eastside / Northeast Gainesville was $214,000 in May 2024, up 5.7% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189K | - | N/A |
| 2 Bedrooms | $125K | $157K | +25.6% |
| 3 Bedrooms | $209K | $212K | +1.4% |
| 4 Bedrooms | $235K | $237.2K | +0.9% |
| 5+ Bedrooms | $220K | $185K | -15.9% |
Summary: Eastside / Northeast Gainesville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 15.9%.
Housing Supply in Eastside / Northeast Gainesville, FL
How many homes are available in Eastside / Northeast Gainesville, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 66 | +8.2% |
Summary: The Eastside / Northeast Gainesville real estate market had 66 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 35 | 44 | +25.7% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Eastside / Northeast Gainesville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 25.7%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Eastside / Northeast Gainesville, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Eastside / Northeast Gainesville in May 2024, up by 16.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.
Days on Market for Eastside / Northeast Gainesville, FL
How long does it take to sell a home in Eastside / Northeast Gainesville, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 61 Days | +31.7% |
Summary: Homes in Eastside / Northeast Gainesville had an average of 61 days on market in May 2024, up by 31.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eastside / Northeast Gainesville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Eastside / Northeast Gainesville; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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