Is Gainesville, GA 30506 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

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.

Competition score29/ 100

More competitive than 25% of U.S. ZIP codes, and #212 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

Months of supply4.9Under 4 months = seller’s market
Sold above original list12.9%Share of sales, last 3 months
Median sale-to-list97.6%Sold price ÷ list price
Median days on market49Listing to accepted offer
Median price per sq ft$214▼ −0.8% vs. last year

The Gainesville housing market right now

In the three months ending August 31, 2026, 13% of homes in Gainesville, GA 30506 sold above their list price, the typical home went under contract in 49 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 216 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (13% then), homes sold faster (51 days then) and the median sale price rose 1% to $448,806. Overall, Gainesville is about as competitive as it was a year ago.

Within Hall County, homes here sell faster than in 89% of the county’s ZIP codes, and sell less often over asking than in 56%. On our competition score, Gainesville ranks #212 of 371 GA ZIP codes with enough sales (score 29 out of 100).

Nearby, buyers who want less competition could look at Murrayville 30564 (11% sold over asking), while Gainesville 30507 (17% sold over asking) and Clermont 30527 (17% sold over asking) are even more competitive.

Nearby markets

Clermont 30527Seller’s market $185 /sq ftFlowery Branch 30542Balanced $184 /sq ftGainesville 30501Balanced $189 /sq ftGainesville 30504Balanced $194 /sq ft Browse all markets →

Where Gainesville is

Loading map…

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 30506 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 49 days in the latest three months.

Do homes in Gainesville sell over asking?

13% of homes sold above their original list price, and the typical sale closed at 97.6% 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 $448,806 in the three months ending August 31, 2026, about $214 per square foot.

No sponsored agents in 30506 yet. Are you an agent here? Put your name in front of local buyers.

More tools for 30506

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology