Is Gate City, VA 24251 a buyer’s or seller’s market?
Gate City is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Competition score14/ 100
More competitive than 8% of U.S. ZIP codes, and #348 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply4.1Under 4 months = seller’s market
Sold above original list3.8%Share of sales, last 3 months
Median sale-to-list94.5%Sold price ÷ list price
Median days on market61Listing to accepted offer
Median price per sq ft$115▼ −19.0% vs. last year
Run the numbers for 24251
Nearby markets
Duffield 24244Buyer’s market $116 /sq ftDungannon 24245Buyer’s market $77 /sq ftFort Blackmore 24250 — /sq ftHiltons 24258Seller’s market $134 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology