Altos Market Data for Realtors

Gainesville, VA

Single-Family Homes

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Gainesville, VA

Mon Mar 18 2024
This week the median list price for Gainesville, VA is $849,950 with the market action index hovering around 68. This is less than last month's market action index of 70. Inventory has increased to 10. Click here to stay informed with the Gainesville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gainesville, VA

Mon Mar 18 2024
This week the median list price for Gainesville, VA is $849,950 with the market action index hovering around 68. This is less than last month's market action index of 70. Inventory has increased to 10. Click here to stay informed with the Gainesville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gainesville market.
Median List Price $849,950
Median Price of New Listings $799,900
Per Square Foot $241
Average Days on Market 23
Median Days on Market 4
Price Decreased 30%
Price Increased 0%
Relisted 20%
Inventory 10
Median Rent
Market Action 68
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,297,000 5,429 0.25 - 0.5 acre 5 5 20 2 0 0
$964,500 2,869 1 - 2.5 acres 4 3.3 36 0 1 91
$849,900 3,832 6,500 - 8,000 sqft 4 3.5 20 1 1 7
$577,700 1,798 4,500 - 6,500 sqft 3 3.5 20 2 2 0