Gate City, VA
Housing market overview · Updated weekly
$125,000median sale price
Homes sold
1
Last 12 weeks
Days on market
233
Average pace
Active listings
6
6.0 months supply
Sale-to-list
89.3%
Below asking
The Gate City housing market is currently classified as a buyer's market with a median sale price of $125,000. Prices have risen 21.9% compared to last year, with homes spending an average of 233 days on market, indicating 6.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Gate City
There are currently 6 homes listed for sale in Gate City, Virginia. The median listing price is $40K.
Active listings
6
Homes on market
Median list price
$40K
Avg. days on market
233
Days until sale
New this week
1
Newly listed
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Frequently asked questions
What is the average home price in Gate City?
The median home sale price in Gate City is $125,000, up 21.9% from last year.
How long do homes stay on market in Gate City?
Homes typically spend 233 days on market before going under contract.
Is Gate City a buyer's or seller's market?
With 6.0 months of supply, Gate City is currently a buyer's market.
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