Altos Market Data for Realtors

Gainesville, VA

Single-Family Homes

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Gainesville, VA

Tue Nov 30 2021
This week the median list price for Gainesville, VA is $949,000 with the market action index hovering around 81. This is less than last month's market action index of 88. Inventory has decreased to 9. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Gainesville, VA

Tue Nov 30 2021
This week the median list price for Gainesville, VA is $949,000 with the market action index hovering around 81. This is less than last month's market action index of 88. Inventory has decreased to 9. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Gainesville market.
Median List Price $949,000
Median Price of New Listings $784,700
Per Square Foot $158
Average Days on Market 27
Median Days on Market 21
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent $1,883
Market Action 81
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

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
$2,097,500 9,991 0.5 - 1 acre 5 5.8 16 0 0 56
$969,700 8,736 5 - 10 acres 4 3.5 24 1 0 10
$889,450 5,425 8,000 - 10,000 sqft 4 4.5 12 0 0 17
$579,900 3,068 4,500 - 6,500 sqft 3 3.5 20 1 2 28