GAINESVILLE HOUSING MARKET DATA

There was an increase in total units sold in March, with 32 sold this month in Gainesville Real Estate versus 26 last month, an increase of 23%. This month's total units sold was lower than at this time last year, a decrease of 3% versus March 2024.

Versus last year, the total number of homes available this month is lower by 5 units or 12%. The total number of active inventory this March was 37 compared to 42 in March 2024. This month's total of 37 is lower than the previous month's total supply of available inventory of 40, a decrease of 8%.

Last March, the median sale price for Gainesville Homes was $703,120. This March, the median sale price was $605,000, a decrease of 14% or $98,120 compared to last year. The current median sold price is 8% lower than in February.

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

In March, there was 1.2 months of supply available in Gainesville, compared to 1.3 in March 2024. That is a decrease of 9% 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 52 homes newly listed for sale in Gainesville, which is similar to the amount in March 2024. There were 51 current contracts pending sale this March compared to 50 a year ago. The number of current contracts is 2% higher than last March.

In March, the average sale price in Gainesville was 101.0% of the average list price, which is 2.1% lower than at this time last year.

This month, the average number of days on market was 9, lower than the average last year, which was 12, a decrease of 25%.





FOCUS ON: GAINESVILLE HOUSING MARKET			MARCH 2025

Zip Code(s): 20155 and 20156
Units Sold 32	Active Inventory 37	Median Sale Price $605,000	Days On Market 9

Down -3% Vs. Year Ago	Down -12% Vs. Year Ago	Down -14% Vs. Year Ago	Down -25% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 32 sold this month in Gainesville Real Estate versus 26 last month, an increase of 23%. This month's total units sold was lower than at this time last year, a decrease of 3% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 5 units or 12%. The total number of active inventory this March was 37 compared to 42 in March 2024. This month's total of 37 is lower than the previous month's total supply of available inventory of 40, a decrease of 8%.
		Median Sale Price Last March, the median sale price for Gainesville Homes was $703,120. This March, the median sale price was $605,000, a decrease of 14% or $98,120 compared to last year. The current median sold price is 8% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 52	Current Contracts 51	Sold Vs. List Price 101.0%	Months of Supply 1.2

No Change Vs. Year Ago	Up 2% Vs. Year Ago	Down -2.1% Vs. Year Ago	Down -9% Vs. Year Ago


		Months of Supply In March, there was 1.2 months of supply available in Gainesville, compared to 1.3 in March 2024. That is a decrease of 9% 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 52 homes newly listed for sale in Gainesville, which is similar to the amount in March 2024. There were 51 current contracts pending sale this March compared to 50 a year ago. The number of current contracts is 2% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Gainesville was 101.0% of the average list price, which is 2.1% lower than at this time last year. Days on Market This month, the average number of days on market was 9, lower than the average last year, which was 12, a decrease of 25%.


	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.