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Featured local agent — Gainesville, GA
Sarah Mitchell
Compass Real Estate · Gainesville, GA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gainesville, GA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$366,495median sale price
How is the Gainesville, GA housing market right now?
The median home sale price in Gainesville, GA is $366,495, down 8.6% year-over-year. Homes sell in an average of 45 days with 245 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gainesville a buyer's or seller's market?
Gainesville, GA is currently a balanced market, based on 4.9 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
50
Last 12 weeks
Days on market
45
Average pace
Active listings
245
4.9 months supply
Sale-to-list
96.0%
Below asking
What does the Gainesville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $366,495 |
| Median list price | $419,900 |
| Year-over-year price change | -8.6% |
| Average days on market | 45 days |
| Active inventory | 245 listings |
| Months of supply | 4.9 months |
| Sale-to-list price ratio | 96.0% |
| Median price per sq ft | $193/sq ft |
| Homes sold (latest month) | 50 |
| New listings (latest month) | 57 |
| Listings with a price cut | 31.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Gainesville by property type?
How the Gainesville, GA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $442,500 | $204/sq ft | 36 | 71 days |
| Condo / Co-op | $259,900 | $183/sq ft | 3 | 36 days |
| Townhouse | $313,990 | $173/sq ft | 11 | 24 days |
Source: Redfin · Updated monthly
The Gainesville housing market is currently classified as a balanced market with a median sale price of $366,495. Prices have fallen 8.6% compared to last year, with homes spending an average of 45 days on market, indicating 4.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.8x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Gainesville
There are currently 245 homes listed for sale in Gainesville, Georgia. The median listing price is $420K.
Active listings
245
Homes on market
Median list price
$420K
Avg. days on market
45
Days until sale
New this week
57
Newly listed
Who lives in Gainesville?
Population
44,051
Median income
$64,636/yr
Median age
33.1 years
Owner-occupied
41.0%
College grads
26.2%
Avg commute
23.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Gainesville?
Zillow home value
$376,943
Zillow rent index
$1,677/mo
Price-to-rent ratio
18.7x
Price-to-income
5.8x
Source: Zillow Research
What is it like to live in Gainesville?
Gainesville is a community of approximately 44K residents with a median age of 33.1 years.The median household income is $64,636, which represents a working-class community with solid middle-income opportunities. 26.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 41.0%, showing a blend of owner and renter-occupied properties. The average commute time is 23.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gainesville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gainesville?
34 schools tracked · 25,754 students
The largest public schools serving Gainesville, GA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Gainesville High School
Grades 9-12 · 2,356 students
East Forsyth High School
Grades 9-12 · 1,590 students
East Hall High School
Grades 9-12 · 1,291 students
Johnson High School
Grades 9-12 · 1,287 students
Chestatee Elementary
Grades PK-5 · 1,216 students
Chestatee High School
Grades 9-12 · 1,216 students
North Hall High School
Grades 9-12 · 1,158 students
South Hall Middle School
Grades 6-8 · 974 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Gainesville, GA?
Want a head-to-head view? Compare Gainesville side-by-side with any other U.S. city using our market-comparison tool.
Is Gainesville a good real estate investment market?
For investors evaluating Gainesville, the price-to-rent ratio of 18.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 8.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Gainesville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Gainesville's median home price.
Frequently asked questions
What is the average home price in Gainesville?
The median home sale price in Gainesville is $366,495, down 8.6% from last year.
How long do homes stay on market in Gainesville?
Homes typically spend 45 days on market before going under contract.
What is the median income in Gainesville?
The median household income is $64,636 per year.
Is Gainesville a buyer's or seller's market?
With 4.9 months of supply, Gainesville is currently a balanced market.
What is the Zillow home value estimate for Gainesville?
The Zillow Home Value Index (ZHVI) for Gainesville is $376,943, representing the typical home value in the area.
What is the median condo price in Gainesville?
The median condo/co-op sale price in Gainesville, GA is $259,900, compared to $442,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Gainesville?
The median single-family home price in Gainesville, GA is $442,500 (about $204 per square foot).
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