The Gainesville housing market is very competitive. Homes in Gainesville receive 4 offers on average and sell in around 22 days. The median sale price of a home in Gainesville was $734K last month, up 17.6% since last year. The median sale price per square foot in Gainesville is $248, up 7.3% since last year.
What is the housing market like in Gainesville today?
In March 2024, Gainesville home prices were up 17.6% compared to last year, selling for a median price of $734K. On average, homes in Gainesville sell after 22 days on the market compared to 17 days last year. There were 30 homes sold in March this year, down from 34 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$733,750
+17.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Gainesville, VA
$733,750
+17.6%
United States
To compare other locations to the Gainesville and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Gainesville add value to a home.
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How hot is the Gainesville housing market?
Gainesville is very competitive. Homes sell in 17 days.
0
100
87
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 17 days.
Hot homes
can sell for about 6% above list price and go pending in around 3 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Gainesville
Explore recent offers and recently sold homes in Gainesville
Recent offers
Winning Offer|
7 Weeks Ago
~$375K Offer
3bd | 2.5ba | ~1,250sqft
Under List Price
3%
Days on Market
24
Competing Offers
0
Down Payment
<10%
Tiernan Dickens
Gainesville Redfin Agent
We managed to come to terms with the seller after two counters, with all contingencies intact.
Offer Not Accepted|
7 Weeks Ago
~$1M Offer
Sold for $1.25M
5bd | 4.5ba | ~4,000sqft
Over List Price
0%
Days on Market
5
Competing Offers
—
Down Payment
~20%
Tom Moffett
Gainesville Redfin Agent
Submitted offer for $1.2M. Client withdrew the offer after visinting home for a 2nd time. Too much deferred maintnenace.…
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Gainesville housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Gainesville.
Risk Factor
Flood Factor - Minor
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Gainesville has a minor risk of flooding. 201 properties in Gainesville are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in Gainesville. Flood risk is increasing slower than the national average.
50% of properties are at risk of wildfire over the next 30 years
Fire Factor
Gainesville has a moderate risk of wildfire. There are 3,475 properties in Gainesville that have some risk of being affected by wildfire over the next 30 years. This represents 50% of all properties in Gainesville.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Gainesville has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Gainesville is most at risk from hurricanes. 6,891 properties in Gainesville have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 60 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 76 mph.