Is Southwest 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, Southwest Gainesville has remained a Seller's Market.
Key Takeaway
Southwest Gainesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Gainesville, FL
How much do homes in Southwest Gainesville, FL cost?
Median Sold Price
$351,711
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southwest Gainesville have sold for 11% more than they did a year ago.
Summary: The median home sold price in Southwest Gainesville was $351,711 in May 2024, up 11% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130.4K | $122.5K | -6.1% |
| 2 Bedrooms | $170.3K | $176.2K | +3.5% |
| 3 Bedrooms | $360.5K | $373.7K | +3.7% |
| 4 Bedrooms | $450.6K | $460K | +2.1% |
| 5+ Bedrooms | $770K | $635K | -17.5% |
Summary: Southwest Gainesville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 17.5%.
Housing Supply in Southwest Gainesville, FL
How many homes are available in Southwest Gainesville, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 552 | 534 | -3.3% |
Summary: The Southwest Gainesville real estate market had 534 homes for sale in May 2024, a 3.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 37 | +15.6% |
| 2 Bedrooms | 154 | 172 | +11.7% |
| 3 Bedrooms | 148 | 140 | -5.4% |
| 4 Bedrooms | 165 | 147 | -10.9% |
| 5+ Bedrooms | 53 | 38 | -28.3% |
Summary: The Southwest Gainesville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 28.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 114 | 111 | -2.6% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Gainesville, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.
Summary: A total of 111 homes were sold or pending in Southwest Gainesville in May 2024, down by 2.6% month-over-month. Of the 111 sold homes, 59% were sold under asking, 24% were sold at asking, and 16% were sold over asking.
Days on Market for Southwest Gainesville, FL
How long does it take to sell a home in Southwest Gainesville, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 43 Days | +42.0% |
Summary: Homes in Southwest Gainesville had an average of 43 days on market in May 2024, up by 42% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Gainesville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 111 homes were sold in Southwest Gainesville; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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