76240 Home Values
76240 Market Snapshot
| Active 413 listings | New 67 30 days | Closed 17 30 days | Pending 1 30 days | Supply 16.7 months | Absorption 10.7% monthly | Over List 0.8% sold above | Under List 53% sold below | Concessions 36% % of solds | Avg Concession $9,396 seller paid |
Source: NTREIS MLS • Excludes leases • May 2026
76240 Market Trends
Lake Kiowa and Starter Homes Drive Gainesville
Gainesville's 76240 runs two parallel housing markets. Inside the gates of Lake Kiowa, golf-course frontage homes and lakeside properties draw retirees and weekenders. Outside the gates, Riverside Homebuilders' Liberty Point subdivision fills with affordable new construction, and older brick ranches line established neighborhoods near downtown.
Gainesville is moving more homes than you might expect, but sellers shouldn't mistake volume for urgency. With supply north of ten months, buyers can afford to be choosy. Riverside Homebuilders is aggressively pushing owner financing that traditional resale sellers can't match.
Sellers competing against Riverside's owner-financing offers need a counter-strategy -- talk to your lender about a seller-funded buydown. If you're in Lake Kiowa, lean into the lifestyle: stage the golf cart, photograph the fairway view at golden hour.
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Market data last updated May 20, 2026, 1:26 AM CDT
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