Gainesville Metro Home Prices & Values

$133,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.4% 1-year change
  • 3.7% 1-year forecast

Market Temperature: ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Gainesville Metro is $133,800. Gainesville Metro home values have gone up 4.4% over the past year and Zillow predicts they will rise 3.7% within the next year. The median list price per square foot in Gainesville Metro is $99, which is lower than the Florida average of $119. The median price of homes currently listed in Gainesville Metro is $165,000 while the median price of homes that sold is $133,950. The median rent price in Gainesville Metro is $900, which is lower than the Florida median of $1,460.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Gainesville Metro is 9.2%, which is higher than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Gainesville Metro homeowners underwater on their mortgage is 28.6%, which is higher than Florida at 28.3%.

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Relative ZHVI
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Gainesville Metro Market Overview

Data through Feb 28, 2014
  • $133,800 ZHVI
  • 3.7% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow’s prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Feb 28, 2015)
  • $165,000 Median listing price
  • $133,950 Median sale price
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Gainesville Metro Market Health

Data through Feb 28, 2014
  • 1.4/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region’s housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 137 Average of days on Zillow (Jan 31, 2014)
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)
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Cities in Gainesville Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Newberry $159,100 Micanopy $153,800 Archer $141,000
Alachua $139,000 High Springs $133,600 Gainesville $133,500
Hawthorne $109,000 Waldo $98,200  

Listings & Sales

Data through Feb 28, 2014
  • $99 Median list price / sq ft
  • $86 Median sale price / sq ft
  • 29.4% Listings with price cut
39.9%
Sold below listing
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Gainesville Metro Rentals

Data through Feb 28, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,192 Gainesville Metro
$1,403 Florida
$1,310 United States
  • No recent data Breakeven horizon
  • $900 Rent list price
  • $0.80 Rent list price / sq ft
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