$1,769 Closing Credit*
$149,000
4 Beds
•2 Full Baths
Listing Office: Lankford Realty Co.
Is Gates, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Gates was a Neutral Market.
Key Takeaway
Gates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gates, TN
How much do homes in Gates, TN cost?
Median Sold Price
$156,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$133,500(+593.3%)
Key Takeaway
Homes in Gates have sold for 593.3% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $22.5K | - | N/A |
| 3 Bedrooms | - | $130K | N/A |
| 4 Bedrooms | - | $182K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Gates housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gates | $22.5K | $156K | +593.3% |
| Halls | $129K | $123K | -4.7% |
Housing Supply in Gates, TN
How many homes are available in Gates, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Gates real estate market had 5 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gates housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gates, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Gates in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Gates, TN
We’re sorry, we don't have information for this market at the moment
