Gainesville, GA Real Estate Listings & Homes for Sale

In December 2024, Gainesville's real estate market saw a 6.9% increase in home prices compared to the previous year, with a median sale price of $468K. Homes in Gainesville typically spent 65 days on the market, consistent with the same timeframe as last year. However, the number of homes sold declined significantly, with only 26 sales recorded in December 2024 compared to 41 in December 2023. This drop in transactions suggests a potential tightening in inventory or reduced buyer activity, even as home values continued to climb, reflecting sustained demand in a more selective market.

Gainesville's housing market is moderately competitive, with homes typically selling within 56 days. While some properties receive multiple offers, most homes sell for about 2% below the list price and go pending within the average timeframe. However, highly desirable "hot homes" can sell closer to the list price and often go pending in just 23 days, reflecting strong interest in select properties.

In December 2024, Gainesville, GA, was a balanced market, indicating an equilibrium between the supply of homes and buyer demand. This balance creates a stable environment where neither buyers nor sellers have a significant advantage, leading to fair pricing and steady market activity.