Gainesville median home price and housing market numbers
| Month | Typical Gainesville home value | Change on prior year |
|---|---|---|
| August 2026 | $295,800 | −1.2% |
| August 2025 | $299,300 | −2.7% |
| August 2024 | $307,600 | +2.1% |
| August 2023 | $301,400 | +3.3% |
| August 2022 | $291,800 | +15.6% |
| August 2021 | $252,400 | +16.3% |
| August 2020 | $217,100 | +7.1% |
| August 2019 | $202,800 | +4.8% |
| August 2018 | $193,500 | +7.6% |
| August 2017 | $179,900 | +8.8% |
| August 2016 | $165,400 | n/a |
Zillow Home Value Index (all homes, smoothed, seasonally adjusted) and Zillow metro market data for the Gainesville metro, including the median sale price. Metro figures cover the wider region. The typical home value is Zillow’s mid-market index for Gainesville itself; the 5-year change is +17.2%.
What the 10-year trend shows
2016 to 2022: steady gains, then a jump
The August values in the table above tell a three-part story. From August 2016 to August 2020, Gainesville's typical value rose from $165,449 to $217,080, a steady climb of roughly 5% to 9% a year. Then it jumped: up 16.3% in the year to August 2021 and another 15.6% to $291,832 in August 2022.
2022 to 2026: a slow cooling
Since then growth has stalled. The typical value peaked at $307,591 in August 2024 and has slipped to $295,760, a fall of 3.8% over two years. Over the full decade it is still up 78.8%.
| Year to August | Change in typical value |
|---|---|
| 2021 | +16.3% |
| 2022 | +15.6% |
| 2023 | +3.3% |
| 2024 | +2.1% |
| 2025 | -2.7% |
| 2026 | -1.2% |
The pace of decline has eased, from -2.7% in the year to August 2025 to -1.2% in the year to August 2026. That points to a market that is flattening rather than falling quickly.
Sale speed, price cuts and inventory
August 2026 vs August 2025
| Measure | Aug 2025 | Aug 2026 |
|---|---|---|
| Typical home value (city) | $299,252 | $295,760 |
| Median sale price (metro) | $302,667 | $298,817 |
| Days to pending (metro) | 69 | 76 |
| Sale-to-list ratio (metro) | 96.5% | 96.6% |
| Listings with a price cut (metro) | 26.8% | 27.1% |
| Inventory (metro) | 1,755 | 1,733 |
Every measure except sale-to-list moved a little in buyers' favor. None moved sharply, which is why we describe the market as cooling slowly rather than falling.
Days to pending
The typical metro listing took 76 days to go under contract in August 2026, up from 69 a year earlier. Plan for two to three months of listing time before a contract, plus closing.
Price cuts
27.1% of listings had a price reduction, up slightly from 26.8%. More than one listing in four is being repriced.
Sale-to-list ratio
Homes sold for 96.6% of list price on average, almost unchanged from 96.5%. On a $300,000 list price that is about $10,000 below asking.
Inventory and sale prices
Inventory is roughly flat at 1,733 listings versus 1,755 a year earlier, a drop of about 1.3%. The median sale price was $298,817, down from $302,667. Supply is not shrinking fast enough to push prices back up, and not growing fast enough to force steep cuts.
Differences by neighborhood and ZIP
Neighborhoods
The citywide number hides wide differences. Of the 63 Gainesville neighborhoods Zillow tracks, 24 rose in value over the year to August 2026 and 39 fell. Higher-priced neighborhoods held up better: the 12 with typical values of $400,000 or more changed by +0.9% on a simple average, while the 20 below $250,000 averaged -2.1%.
| Neighborhood | Typical value, Aug 2026 | 1-year change |
|---|---|---|
| Huntington | $590,060 | -0.7% |
| Raintree | $549,154 | +1.1% |
| Kirkwood | $447,297 | +5.1% |
| Duckpond | $399,020 | +2.2% |
| University Place | $294,203 | +6.1% |
| Northeast | $242,534 | +8.6% |
| Porters Community | $183,924 | -9.2% |
| North Lincoln Heights | $127,490 | -11.2% |
ZIP codes and nearby cities
Small neighborhoods can swing sharply on a few sales, so treat single-year moves above 5% with caution. By ZIP, only 32603 (+1.5%) and 32601 (+0.4%) rose, while 32609 fell most at -2.8%. The Gainesville ZIP code guide covers each one. Nearby, Alachua ($327,303, -2.1%) and Newberry ($329,546, -2.0%) are priced above the city and falling slightly faster.
Condos, new construction and higher-priced homes
Higher-priced homes
Neighborhoods with typical values of $400,000 or more changed by +0.9% on a simple average over the year to August 2026, against -2.1% for those under $250,000. The top of the market has been steadier than the entry level.
New construction
New homes are concentrated in southwest planned communities such as Oakmont, listed from the $500s, and custom homes in Town of Tioga, listed from $695,500 to $1,310,520 in September 2026. Many carry CDD assessments. See the Gainesville new construction guide.
Condos and townhomes
The Zillow data we use has no separate condo index for Gainesville, so compare closed sales in the same complex. Florida's condo safety laws have raised fees in some older buildings of three or more stories; the Gainesville condo guide explains what to check.
Renting versus buying at today's rates
Zillow's typical Gainesville rent was $1,618 a month in August 2026, up 1.8% in a year, so rents are still rising while prices ease. At the 7.03% average 30-year rate in Freddie Mac's survey for the week of 24 September 2026, principal and interest on a $295,760 home is about $1,776 a month with 10% down, or $1,579 with 20% down.
Add property tax, insurance and any HOA or CDD charges and the monthly cost of owning a typical home is well above typical rent. Buying makes more sense the longer you plan to stay. See Gainesville cost of living for tax and utility figures.
Is now a good time to buy a house in Gainesville?
For a buyer who plans to stay several years, conditions are more favorable than in 2021 and 2022: prices are slightly lower, homes sit longer and more sellers are cutting prices. Rates at 7.03% keep monthly costs high, so the answer depends on your budget and time horizon, not on timing the market.
Look at time on market
A home listed past the 76-day median, or already reduced, is where you have the most room.
Negotiate on terms, not just price
Ask for closing cost credits, a rate buydown or repairs.
Pick your segment
Lower-priced neighborhoods fell more over the year, which can mean better entry prices but slower resale later.
Budget beyond the price
In southwest Gainesville, many newer homes carry CDD assessments; Oakmont's run $3,054.29 to $4,669.22 a year.
Is now a good time to sell a house in Gainesville?
If you need to sell, you can, but plan for a slower sale and some negotiation. Prices are 17.2% above five years ago, so many owners still have gains, while days to pending and price cuts have both risen.
Price to the market from day one
With 27.1% of listings carrying a cut, an optimistic list price is often followed by a reduction.
Plan for the timeline
76 days to pending plus closing means carrying costs for three months or more.
Expect to negotiate
A 96.6% sale-to-list ratio means a typical 3% to 4% gap from asking.
Run your net
Use the seller net proceeds calculator, or compare listing against a cash sale on the sell my house fast in Gainesville page.
Outlook: what to watch
We do not forecast prices. These are the published measures that will show which way the market is moving:
Inventory
Listings were 1,733 in August 2026 against 1,755 a year earlier. A sustained rise would add pressure on prices; a fall would support them.
Mortgage rates
Freddie Mac's weekly survey put the 30-year fixed at 7.03% for the week of 24 September 2026. Changes in rates move buyer budgets quickly.
Days to pending and price cuts
Rising days to pending (76, up from 69) and a steady share of price cuts (27.1%) point to a buyer-leaning market. Watch whether they level off.
Rents
Zillow's typical Gainesville rent rose 1.8% to $1,618 in the year to August 2026 while values fell 1.2%. If rents keep rising while prices ease, the gap between renting and owning narrows.
Common questions
Are home prices dropping in Gainesville, FL?+
Slightly. Zillow's typical Gainesville home value was $295,760 in August 2026, down 1.2% from a year earlier and 3.8% below the August 2024 peak of $307,591. The decline has slowed from 2.7% the year before. Prices are still 17.2% higher than five years ago.
How long does it take to sell a house in Gainesville?+
In August 2026 the typical listing in the Gainesville metro took 76 days to go under contract, up from 69 a year earlier, according to Zillow. Closing usually adds several more weeks. Well-priced homes in good condition can move faster, while homes that need price cuts often take longer.
Is Gainesville a buyer's or seller's market?+
It leans toward buyers. Prices fell 1.2% in the year to August 2026, days to pending rose to 76, 27.1% of listings had a price cut and homes sold for 96.6% of list price on average. Inventory was roughly flat at 1,733 listings, so conditions are balanced rather than a steep slide.
What is the average rent in Gainesville, FL?+
Zillow's typical rent for Gainesville was $1,618 a month in August 2026, up 1.8% from a year earlier. Rents are rising slightly while home values ease. Principal and interest alone on a typical $295,760 home at 7.03% is about $1,776 a month with 10% down, before tax and insurance.
Is now a good time to buy a house in Gainesville?+
It is a better time to negotiate than in 2021 or 2022. In August 2026 the typical value was down 1.2% in a year, homes took 76 days to go under contract and 27.1% of listings had a price cut. With 30-year rates at 7.03%, the decision depends on your budget and how long you will stay rather than on market timing.
Will Gainesville home prices go down in 2027?+
No one can say for certain, and we do not forecast prices. The published data show a slow cooling: the typical value fell 1.2% in the year to August 2026 after falling 2.7% the year before, while inventory was roughly flat. Watch inventory, days to pending and mortgage rates for the direction.
Sources
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Antonio Roberts
Antonio Roberts has spent five years helping more than 500 Florida buyers and sellers choose the right real estate agent. He is not a real estate agent himself: he researches what matters in a Florida move and connects people with licensed local agents, free of charge.
Reviewed by a licensed Florida real estate agent. Before publication, this guide was checked for accuracy by a licensed Florida real estate agent on our team. It is general information, not legal, tax or financial advice.
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