$5,071 Closing Credit*
$427,000
1,411 SqFt
3 Beds
•2 Full Baths
Sandra Wilder, Listing Office: Berkshire Hathaway FL Realty
Is Gateway, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$428,333
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,416(-2.4%)
Key Takeaway
Homes in Gateway have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Gateway was $428,333 in November 2024, down 2.4% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $190K | -5.0% |
| 2 Bedrooms | $299K | $256.5K | -14.2% |
| 3 Bedrooms | $444.3K | $459K | +3.3% |
| 4 Bedrooms | $545K | $567.5K | +4.1% |
| 5+ Bedrooms | $657.5K | $596.4K | -9.3% |
Summary: Gateway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Westminster | $425K | $460K | +8.2% |
| Arborwood | $550K | $542.5K | -1.4% |
| Gateway | $438.7K | $428.3K | -2.4% |
| Pelican Preserve | $510K | $478.4K | -6.2% |
Housing Supply in Gateway, FL
How many homes are available in Gateway, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 162 | 165 | +1.9% |
Summary: The Gateway real estate market had 165 homes for sale in November 2024, a 1.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 30 | 31 | +3.3% |
| 3 Bedrooms | 76 | 76 | 0.0% |
| 4 Bedrooms | 34 | 37 | +8.8% |
| 5+ Bedrooms | 18 | 14 | -22.2% |
Summary: The Gateway housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 3.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gateway, you may be able to get a good deal. 76.2% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Gateway in November 2024, up by 23.5% month-over-month. Of the 21 sold homes, 76% were sold under asking, 10% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 66 Days | 100 Days | +52.9% |
Summary: Homes in Gateway had an average of 100 days on market in Nov 2024, up by 52.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gateway has remained consistent over time.
Summary: During November 2024, 21 homes were sold in Gateway; 14% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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