Is Gainesville, GA 30504 a buyer’s or seller’s market?
Gainesville is a balanced market. With about 4.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 20% of U.S. ZIP codes, and #256 of 371 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Gainesville housing market right now
In the three months ending August 31, 2026, 12% of homes in Gainesville, GA 30504 sold above their list price, the typical home went under contract in 63 days and there were 4.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 83 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold about as fast and the median sale price fell 19% to $353,847. Overall, Gainesville is more competitive than a year ago, so tougher for buyers.
Within Hall County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Gainesville ranks #256 of 371 GA ZIP codes with enough sales (score 25 out of 100).
Nearby, Gainesville 30507 (17% sold over asking) and Clermont 30527 (17% sold over asking) are even more competitive.
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Nearby markets
Clermont 30527Seller’s market $185 /sq ftFlowery Branch 30542Balanced $184 /sq ftGainesville 30501Balanced $189 /sq ftGainesville 30506Balanced $214 /sq ft Browse all markets →Towns like Gainesville nearby
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Questions about Gainesville real estate
Is Gainesville a buyer’s or seller’s market?
A balanced market: there were 4.9 months of supply in Gainesville, GA 30504 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Gainesville?
The typical home went under contract in 63 days in the latest three months.
Do homes in Gainesville sell over asking?
12% of homes sold above their original list price, and the typical sale closed at 97.7% of the list price.
What are property taxes in Gainesville?
About 0.73% of a home’s value a year in Hall County, or roughly $2,920 on a $400,000 home.
What is the median home price in Gainesville?
The median sale price was $353,847 in the three months ending August 31, 2026, about $194 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology