The Gate City housing market is somewhat competitive. The median sale price of a home in Gate City was $103K last month, down 52.1% since last year. The median sale price per square foot in Gate City is $82, down 28.6% since last year.
What is the housing market like in Gate City today?
In January 2025, Gate City home prices were down 52.1% compared to last year, selling for a median price of $103K.
$103K
Sale Price
-52.1% since last year
$82
Sale $/Sq. Ft.
-28.6% since last year
Under List Price
4.1%
Days on Market
66
Down Payment
—
Total Homes Sold
2
To compare other locations to the Gate City and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Gate City add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Gate City housing market?
Gate City is somewhat competitive. Homes sell in 66 days.
0
100
45
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 66 days.
Hot homes
can sell for around list price and go pending in around 46 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Gate City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Gate City.
Flood Factor - Major
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Gate City has a major risk of flooding. 331 properties in Gate City are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in Gate City. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
Gate City has a moderate risk of wildfire. There are 1,613 properties in Gate City that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in Gate City.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Gate City has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Gate City is most at risk from hurricanes. 1,614 properties in Gate City have some risk of being in a severe wind event within the next 30 years.