Is Gates County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$178,750
$107/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Gates County was $178,750 in May 2024, down 38.6% from last month, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $40.1K | N/A |
3 Bedrooms | $303K | $277.5K | -8.4% |
4 Bedrooms | $289K | $142.5K | -50.7% |
5+ Bedrooms | - | - | N/A |
Summary: Gates County housing prices by bedroom type for May 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 8.4%, 4 bedroom homes decreased by 50.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Perquimans County | $270K | $299.9K | +11.1% |
Pasquotank County | $325K | $320K | -1.5% |
Hertford County | $190K | $181K | -4.7% |
Gates County | $291K | $178.7K | -38.6% |
Housing Supply in Gates County, NC
How many homes are available in Gates County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 34 | +13.3% |
Summary: The Gates County real estate market had 34 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gates County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Gates County in May 2024, down by 40.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% 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 2024 | May 2024 | CHANGE |
---|---|---|
37 Days | 42 Days | +13.2% |
Summary: Homes in Gates County had an average of 42 days on market in May 2024, up by 13.2% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Gates County; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.