Is Gatesville, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gatesville is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Gatesville was a Seller's Market.

Key Takeaway

Gatesville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Gatesville, TX

How much do homes in Gatesville, TX cost?

Median Sold Price

$248,000

$177/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$212,500(-46.1%)

Key Takeaway

Homes in Gatesville have sold for 46.1% less than they did a month ago.

Summary: The median home sold price in Gatesville was $248,000 in October 2024, down 46.1% from last month, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $460.5K$248K
-46.1%
4 --
N/A
5+ --
N/A

Summary: Gatesville housing prices by bedroom type for October 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 decreased by 46.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Gatesville, TX

How many homes are available in Gatesville, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
14140.0%

Summary: The Gatesville real estate market had 14 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 109
-10.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Gatesville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gatesville, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Gatesville in October 2024, down by 33.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Gatesville, TX

How long does it take to sell a home in Gatesville, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
53 Days17 Days-67.9%

Summary: Homes in Gatesville had an average of 17 days on market in Oct 2024, down by 67.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gatesville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Gatesville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Gatesville, TX

Nearby Markets to Gatesville, TX