Is Gates County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Gates County has remained a Seller's Market.
Housing Prices in Gates County, NC
How much do homes in Gates County, NC cost?
Median Sold Price
$248,300
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gates County was $248,300 in April 2024, down 8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $127K | N/A |
2 Bedrooms | $40K | $171.3K | +328.4% |
3 Bedrooms | $272.5K | $248.8K | -8.7% |
4 Bedrooms | $362.5K | $315K | -13.1% |
5+ Bedrooms | $370K | $115K | -68.9% |
Summary: Gates County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 328.4%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 68.9%.
Median Sold Price Compared To Nearby Counties
Pasquotank County | $264.9K | $295K | +11.3% |
Perquimans County | $279K | $272.5K | -2.3% |
Gates County | $270K | $248.3K | -8.0% |
Housing Supply in Gates County, NC
How many homes are available in Gates County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 33 | +26.9% |
Summary: The Gates County real estate market had 33 homes for sale in April 2024, a 26.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gates County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 8 | +700.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Gates County in April 2024, up by 700.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Gates County, NC
How long does it take to sell a home in Gates County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 31 Days | -39.1% |
Summary: Homes in Gates County had an average of 31 days on market in Apr 2024, down by 39.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Gates County; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.