GAINESVILLE HOUSING MARKET DATA

There was an increase in total units sold in May, with 62 sold this month in Gainesville Real Estate versus 50 last month, an increase of 24%. This month's total units sold was higher than at this time last year, an increase of 24% versus May 2024.

Versus last year, the total number of homes available this month is lower by 6 units or 10%. The total number of active inventory this May was 56 compared to 62 in May 2024. This month's total of 56 is lower than the previous month's total supply of available inventory of 69, a decrease of 19%.

Last May, the median sale price for Gainesville Homes was $743,000. This May, the median sale price was $760,000, an increase of 2% or $17,000 compared to last year. The current median sold price is 6% higher than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 0.9 months of supply available in Gainesville, compared to 1.2 in May 2024. That is a decrease of 27% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 58 homes newly listed for sale in Gainesville compared to 75 in May 2024, a decrease of 23%. There were 65 current contracts pending sale this May compared to 61 a year ago. The number of current contracts is 7% higher than last May.

In May, the average sale price in Gainesville was 101.6% of the average list price, which is 1.8% lower than at this time last year.

This month, the average number of days on market was 12, higher than the average last year, which was 9, an increase of 33%.





FOCUS ON: GAINESVILLE HOUSING MARKET			MAY 2025

Zip Code(s): 20155 and 20156
Units Sold 62	Active Inventory 56	Median Sale Price $760,000	Days On Market 12

Up 24% Vs. Year Ago	Down -10% Vs. Year Ago	Up 2% Vs. Year Ago	Up 33% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 62 sold this month in Gainesville Real Estate versus 50 last month, an increase of 24%. This month's total units sold was higher than at this time last year, an increase of 24% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 6 units or 10%. The total number of active inventory this May was 56 compared to 62 in May 2024. This month's total of 56 is lower than the previous month's total supply of available inventory of 69, a decrease of 19%.
		Median Sale Price Last May, the median sale price for Gainesville Homes was $743,000. This May, the median sale price was $760,000, an increase of 2% or $17,000 compared to last year. The current median sold price is 6% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 58	Current Contracts 65	Sold Vs. List Price 101.6%	Months of Supply 0.9

Down -23% Vs. Year Ago	Up 7% Vs. Year Ago	Down -1.8% Vs. Year Ago	Down -27% Vs. Year Ago


		Months of Supply In May, there was 0.9 months of supply available in Gainesville, compared to 1.2 in May 2024. That is a decrease of 27% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 58 homes newly listed for sale in Gainesville compared to 75 in May 2024, a decrease of 23%. There were 65 current contracts pending sale this May compared to 61 a year ago. The number of current contracts is 7% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Gainesville was 101.6% of the average list price, which is 1.8% lower than at this time last year. Days on Market This month, the average number of days on market was 12, higher than the average last year, which was 9, an increase of 33%.


	Gainesville are defined as properties listed in zip code/s 20155 and 20156.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.