The Long & Foster Market Minute

Focus On: Gainesville Housing Market September 2021

Zip Code(s): 20155 and 20156
Units Sold
78
Active Inventory
43
Median Sale Price
$536,250
Days On Market
11
Up 24%
Vs. Year Ago
Up 30%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -27%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 78 sold this month in Gainesville Real Estate versus 87 last month, a decrease of 10%. This month's total units sold was higher than at this time last year, an increase of 24% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 10 units or 30%. The total number of active inventory this September was 43 compared to 33 in September 2020. This month's total of 43 is lower than the previous month's total supply of available inventory of 45, a decrease of 4%.

Median Sale Price
Last September, the median sale price for Gainesville Homes was $515,000. This September, the median sale price was $536,250, an increase of 4% or $21,250 compared to last year. The current median sold price is 5% lower than in August.

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


New Listings
86
Current Contracts
74
Sold Vs. List Price
101.1%
Months of Supply
0.6
Up 2%
Vs. Year Ago
Down -10%
Vs. Year Ago
Down -0.5%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In September, there was 0.6 months of supply available in Gainesville. The amount of supply is similar compared to 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 86 homes newly listed for sale in Gainesville compared to 84 in September 2020, an increase of 2%. There were 74 current contracts pending sale this September compared to 82 a year ago. The number of current contracts is 10% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Gainesville was 101.1% of the average list price, which is 0.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 15, a decrease of 27%.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.