Is Gainesville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Gainesville has remained a Seller's Market.
Housing Prices in Gainesville, GA
How much do homes in Gainesville, GA cost?
Median Sold Price
$391,600
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gainesville was $391,600 in April 2024, up 4.4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $205K | -26.8% |
2 Bedrooms | $250K | $263K | +5.2% |
3 Bedrooms | $331.5K | $340K | +2.6% |
4 Bedrooms | $429.3K | $475K | +10.6% |
5+ Bedrooms | $549K | $580K | +5.6% |
Summary: Gainesville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.8%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
Oakwood | $292.2K | $329.9K | +12.9% |
Gainesville | $374.9K | $391.6K | +4.4% |
Murrayville | $403.4K | $400.3K | -0.8% |
Housing Supply in Gainesville, GA
How many homes are available in Gainesville, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
620 | 715 | +15.3% |
Summary: The Gainesville real estate market had 715 homes for sale in April 2024, a 15.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 49 | 52 | +6.1% |
3 Bedrooms | 226 | 257 | +13.7% |
4 Bedrooms | 208 | 254 | +22.1% |
5+ Bedrooms | 132 | 145 | +9.8% |
Summary: The Gainesville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
127 | 158 | +24.4% |
Asking Price vs. Sold Price
89 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 158 homes were sold or pending in Gainesville in April 2024, up by 24.4% month-over-month. Of the 155 sold homes, 57% were sold under asking, 17% were sold at asking, and 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 39 Days | +7.7% |
Summary: Homes in Gainesville had an average of 39 days on market in Apr 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
100 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 158 homes were sold in Gainesville; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.