Is Gateway, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Gateway was a Seller's Market.
Key Takeaway
Gateway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gateway, FL
How much do homes in Gateway, FL cost?
Median Sold Price
$424,500
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gateway have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Gateway was $424,500 in May 2024, down 2.5% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $200K | 0.1% |
| 2 Bedrooms | $265K | $278K | +4.9% |
| 3 Bedrooms | $435.5K | $425K | -2.4% |
| 4 Bedrooms | $575K | $577.5K | 0.4% |
| 5+ Bedrooms | $556.2K | $647.5K | +16.4% |
Summary: Gateway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Westminster | $385K | $450K | +16.9% |
| Arborwood | $555K | $565K | +1.8% |
| Gateway | $435.3K | $424.5K | -2.5% |
| Pelican Preserve | $500K | $485K | -3.0% |
| Olympia / Sherwood | $367K | $285.5K | -22.2% |
Housing Supply in Gateway, FL
How many homes are available in Gateway, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 184 | 186 | +1.1% |
Summary: The Gateway real estate market had 186 homes for sale in May 2024, a 1.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 43 | 41 | -4.7% |
| 3 Bedrooms | 83 | 88 | +6.0% |
| 4 Bedrooms | 39 | 39 | 0.0% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Gateway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gateway, you may be able to get a good deal. 86.4% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Gateway in May 2024, up by 15.8% month-over-month. Of the 22 sold homes, 86% were sold under asking, 9% were sold at asking, and 5% were sold over asking.
Days on Market for Gateway, FL
How long does it take to sell a home in Gateway, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 44 Days | +17.5% |
Summary: Homes in Gateway had an average of 44 days on market in May 2024, up by 17.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gateway has remained consistent over time.
Summary: During May 2024, 22 homes were sold in Gateway; 41% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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