Is Northwest 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, Northwest Gainesville has remained a Seller's Market.
Key Takeaway
Northwest Gainesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest Gainesville, FL
How much do homes in Northwest Gainesville, FL cost?
Median Sold Price
$324,916
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Northwest Gainesville have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Northwest Gainesville was $324,916 in May 2024, up 4.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $130K | +8.3% |
| 2 Bedrooms | $200.5K | $220K | +9.7% |
| 3 Bedrooms | $300K | $308.8K | +3.0% |
| 4 Bedrooms | $429.4K | $435K | +1.3% |
| 5+ Bedrooms | $492.5K | $499.5K | +1.4% |
Summary: Northwest Gainesville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in Northwest Gainesville, FL
How many homes are available in Northwest Gainesville, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 487 | 483 | -0.8% |
Summary: The Northwest Gainesville real estate market had 483 homes for sale in May 2024, a 0.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 83 | 99 | +19.3% |
| 3 Bedrooms | 229 | 221 | -3.5% |
| 4 Bedrooms | 139 | 125 | -10.1% |
| 5+ Bedrooms | 28 | 31 | +10.7% |
Summary: The Northwest Gainesville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 19.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 123 | 122 | -0.8% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Gainesville, you may be able to get a good deal. 56.6% of homes here sold below asking price last month.
Summary: A total of 122 homes were sold or pending in Northwest Gainesville in May 2024, down by 0.8% month-over-month. Of the 122 sold homes, 57% were sold under asking, 24% were sold at asking, and 20% were sold over asking.
Days on Market for Northwest Gainesville, FL
How long does it take to sell a home in Northwest Gainesville, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 36 Days | +28.1% |
Summary: Homes in Northwest Gainesville had an average of 36 days on market in May 2024, up by 28.1% compared to last year.
Breakdown of Home Sale Times
89 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Gainesville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 122 homes were sold in Northwest Gainesville; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. 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. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.