Is Gates County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gates County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Gates County has remained a Seller's Market.

Key Takeaway

Gates County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Gates County, NC cost?

Median Sold Price

$215,000

$133/sqft

Based on all homes sold in November 2022.

Difference Since Last Month

-$175,000(-44.9%)

Key Takeaway

Homes in Gates County have sold for 44.9% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 --
N/A
2 --
N/A
3 $390K$215K
-44.9%
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Counties

Pasquotank County
+11.5%
Chowan County
-23.2%
Gates County
-44.9%
Perquimans County
-46.0%

How many homes are available in Gates County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
2321-8.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 2017
-15.0%
4 34
+33.3%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
54-20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gates County, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2022Nov 2022%
16 Days25 Days+60.9%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Gates County has remained consistent over time.

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

About Gates County, NC

Number of homes for sale in Gates County, NC real estate market have reached 21. The number of homes for sale in Gates County, NC decreased by 8.7% between October 2022 and November 2022. The median list price of listings available in November 2022 was $215,000, while the average time on the real estate market was 25 days. Real estate listing prices changed between November 2021 and November 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 0%, 3 bedrooms properties became 44.9% more cheaper, prices of 4 bedrooms properties increased by 0%, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 15%, the quantity of 4 bedrooms homes went up by 33.3%, volume of 5 bedrooms homes stayed the same. Gates County, NC housing market in November 2022 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 1 sold below.

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