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Featured local agent — Gate City, VA
Sarah Mitchell
Compass Real Estate · Gate City, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gate City, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$185,000median sale price
How is the Gate City, VA housing market right now?
The median home sale price in Gate City, VA is $185,000, down 27.2% year-over-year. Homes sell in an average of 90 days with 14 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gate City a buyer's or seller's market?
Gate City, VA is currently a buyer's market, based on 14.0 months of supply and homes selling in about 90 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
90
Average pace
Active listings
14
14.0 months supply
Sale-to-list
96.4%
Below asking
What does the Gate City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $185,000 |
| Median list price | $216,250 |
| Year-over-year price change | -27.2% |
| Average days on market | 90 days |
| Active inventory | 14 listings |
| Months of supply | 14.0 months |
| Sale-to-list price ratio | 96.4% |
| Median price per sq ft | $113/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 8 |
| Listings with a price cut | 35.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Gate City by property type?
How the Gate City, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $185,000 | $113/sq ft | 1 | 90 days |
Source: Redfin · Updated monthly
The Gate City housing market is currently classified as a buyer's market with a median sale price of $185,000. Prices have fallen 27.2% compared to last year, with homes spending an average of 90 days on market, indicating 14.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.9x provides context for how home values compare to local earning capacity.
Homes for sale in Gate City
There are currently 14 homes listed for sale in Gate City, Virginia. The median listing price is $216K.
Active listings
14
Homes on market
Median list price
$216K
Avg. days on market
90
Days until sale
New this week
8
Newly listed
Who lives in Gate City?
Population
1,939
Median income
$37,188/yr
Median age
42 years
Owner-occupied
72.8%
College grads
32.0%
Avg commute
22 min
Source: U.S. Census Bureau ACS
What are homes worth in Gate City?
Zillow home value
$181,726
Price-to-income
4.9x
Source: Zillow Research
What is it like to live in Gate City?
Gate City is a community of approximately 2K residents with a median age of 42 years.The median household income is $37,188, which represents a working-class community with solid middle-income opportunities. 32.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 22 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gate City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gate City?
7 schools tracked · 2,318 students
The largest public schools serving Gate City, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Virginia Connections Academy
Grades 6-11 · 735 students
Gate City High
Grades 9-12 · 601 students
Shoemaker Elementary
Grades PK-6 · 479 students
Gate City Middle
Grades 7-8 · 311 students
Yuma Elementary
Grades PK-6 · 192 students
Renaissance/Scott Co
Grade range n/a
Scott County Career and Technical Center
Grade range n/a
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Gate City, VA?
Want a head-to-head view? Compare Gate City side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Gate City?
The median home sale price in Gate City is $185,000, down 27.2% from last year.
How long do homes stay on market in Gate City?
Homes typically spend 90 days on market before going under contract.
What is the median income in Gate City?
The median household income is $37,188 per year.
Is Gate City a buyer's or seller's market?
With 14.0 months of supply, Gate City is currently a buyer's market.
What is the Zillow home value estimate for Gate City?
The Zillow Home Value Index (ZHVI) for Gate City is $181,726, representing the typical home value in the area.
How much does a single-family home cost in Gate City?
The median single-family home price in Gate City, VA is $185,000 (about $113 per square foot).
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