The Long & Foster Market Minute

Focus On: Gainesville Housing Market March 2021

Zip Code(s): 20155 and 20156
Units Sold
61
Active Inventory
17
Median Sale Price
$501,450
Days On Market
4
No Change
Vs. Year Ago
Down -80%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -90%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 61 sold this month in Gainesville Real Estate, an increase of 42%. This month's total units sold is similar compared to a year ago.

Active Inventory
Versus last year, the total number of homes available this month is lower by 69 units or 80%. The total number of active inventory this March was 17 compared to 86 in March 2020. This month's total of 17 is higher than the previous month's total supply of available inventory of 15, an increase of 13%.

Median Sale Price
Last March, the median sale price for Gainesville Homes was $475,000. This March, the median sale price was $501,450, an increase of 6% or $26,450 compared to last year. The current median sold price is 6% higher 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
105
Current Contracts
98
Sold Vs. List Price
103.1%
Months of Supply
0.3
Up 2%
Vs. Year Ago
Up 31%
Vs. Year Ago
Up 3.3%
Vs. Year Ago
Down -80%
Vs. Year Ago

Months of Supply
In March, there was 0.3 months of supply available in Gainesville, compared to 1.4 in March 2020. That is a decrease of 80% 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 105 homes newly listed for sale in Gainesville compared to 103 in March 2020, an increase of 2%. There were 98 current contracts pending sale this March compared to 75 a year ago. The number of current contracts is 31% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Gainesville was 103.1% of the average list price, which is 3.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 4, lower than the average last year, which was 39, a decrease of 90%.

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.