Is Gainesville, TX 76240 a buyer’s or seller’s market?
Gainesville is a buyer’s market. With about 6.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 7% of U.S. ZIP codes, and #711 of 868 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, TX 76240 sold above their list price, the typical home went under contract in 87 days and there were 6.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 94 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold about as fast and the median sale price rose 6% to $314,864. Overall, Gainesville is more competitive than a year ago, so tougher for buyers.
Within Cooke County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Gainesville ranks #711 of 868 TX ZIP codes with enough sales (score 14 out of 100).
Nearby, buyers who want less competition could look at Valley View 76272 (0% sold over asking) or Rosston 76263 (0% sold over asking).
Run the numbers for 76240
Nearby markets
Era 76238 — /sq ftLindsay 76250Buyer’s market $184 /sq ftMuenster 76252Buyer’s market $214 /sq ftRosston 76263 $222 /sq ft Browse all markets →Towns like Gainesville nearby
Find towns like Gainesville in other states →Where Gainesville is
Loading map…
Questions about Gainesville real estate
Is Gainesville a buyer’s or seller’s market?
A buyer’s market: there were 6.1 months of supply in Gainesville, TX 76240 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 87 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 95.6% of the list price.
What are property taxes in Gainesville?
About 1.19% of a home’s value a year in Cooke County, or roughly $4,760 on a $400,000 home.
What is the median home price in Gainesville?
The median sale price was $314,864 in the three months ending August 31, 2026, about $180 per square foot.
Local agents
See all agents in 76240 →No sponsored agents in 76240 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 76240
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology