Altos Market Data for Realtors

Gainesville, VA

Single-Family Homes

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Gainesville, VA

Sun Nov 17 2019
This week the median list price for Gainesville, VA is $566,000 with the market action index hovering around 45. This is less than last month's market action index of 47. Inventory has held steady at or around 65. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Sun Nov 17 2019
This week the median list price for Gainesville, VA is $566,000 with the market action index hovering around 45. This is less than last month's market action index of 47. Inventory has held steady at or around 65. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $566,000
Per Square Foot $132
Days on Market 115
Price Decreased 37%
Price Increased 11%
Relisted 5%
Inventory 65
Median Rent $3,000
Most Expensive $2,460,000
Least Expensive $249,990
Market Action 45
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$837,500 6,521 0.5 - 1 acre 5 4 18 1 3 110
$599,999 3,907 6,500 - 8,000 sqft 4 3 7 3 1 273
$524,997 4,041 6,500 - 8,000 sqft 4 3 15 1 3 54
$470,000 2,896 4,500 - 6,500 sqft 3 2 19 5 2 27