76240 Home Values
76240 Market Snapshot
| Median Sale Price $302,911 ▲ 0.1% YoY | Price per Sq Ft $182 median $/sqft | Days on Market 73 list to contract | Sale-to-List 95.2% of original asking |
| Active 415 listings | New 96 30 days | Closed 30 30 days | Pending 10 30 days | Supply 15.8 months | Absorption 13.7% monthly | Over List 0.8% sold above | Under List 52.9% sold below | Concessions 35.2% % of solds | Avg Concession $8,980 seller paid |
Source: NTREIS MLS • Excludes leases • Apr 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 7, 2026, 5:21 AM CDT
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