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GATE CITY, VA 24251

Real Estate Market Report  ·  Scott County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
22
⇩ 21.4% vs 28 last year
Pending
8
36% pending ratio
Median Price
$289,900
⇧ 41.8% vs $204,500 last year
Average Price
$313,800
⇧ 11.7% vs $280,975 last year
Days on Market
99
⇧ 6.5% vs 93 days last year

Market Context

Population: 7,821  ·  Density: 25.8/mi²  ·  Median household income: $46,105

Typical home value: $126,127  ·  Homeownership: 77.5%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The GATE CITY, VA real estate market (24251) currently shows 22 active listings, with 8 pending sales. Homes are averaging 99 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 99 days on market compared to 93 days last year.

The median listing price has risen 41.8% year-over-year, from $204,500 to $289,900.

Whether you are buying or selling in GATE CITY, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 22 this year vs 28 last year
  • Days on market: 99 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $289,900 (+41.8% YoY)
  • Average: $313,800 (+11.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.3 miles — 404 listings ($180,398,190 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24251Gate City, VA 242510.0 mi22$6,903,600$289,900$313,800
37665Kingsport, TN 376655.7 mi26$6,424,912$239,000$247,112
37645Mount Carmel, TN 376457.3 mi21$6,215,202$271,500$295,962
24258Hiltons, VA 2425810.8 mi1$155,000$155,000$155,000
24244Duffield, VA 2424411.2 mi16$3,167,664$175,000$197,979
24271Nickelsville, VA 2427112.1 mi4$1,010,668$250,000$252,667
37663Kingsport, TN 3766315.0 mi69$31,060,419$422,000$450,151
37617Blountville, TN 3761715.6 mi55$24,685,320$399,000$448,824
37656Fall Branch, TN 3765617.9 mi12$7,694,196$439,900$641,183
37615Johnson City, TN 3761519.9 mi129$70,425,744$479,000$545,936
37686Piney Flats, TN 3768620.8 mi38$21,545,468$498,000$566,986
24221Blackwater, VA 2422121.6 mi4$658,000$164,500$164,500
24216Appalachia, VA 2421622.3 mi7$451,997$59,500$64,571

Frequently Asked Questions

How many homes are for sale in GATE CITY, VA 24251?

As of January 2026, there are 22 active listings in GATE CITY, VA (zip code 24251), compared to 28 the prior year.

What is the median home price in GATE CITY, VA 24251?

The median listing price in GATE CITY, VA 24251 is $289,900 as of January 2026, a 41.8% increase from $204,500 the prior year.

How long do homes stay on the market in GATE CITY, VA?

Homes in GATE CITY, VA 24251 spend an average of 99 days on the market before going under contract, compared to 93 days the prior year.

Is it a seller's or buyer's market in GATE CITY, VA 24251?

Based on current inventory and days-on-market data as of January 2026, GATE CITY, VA 24251 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 99 days on market compared to 93 days last year.

How much can I save on real estate commission in GATE CITY, VA?

With SELL123.com's maximum 3% commission, sellers in GATE CITY, VA 24251 save an estimated $5,798 compared to a typical 5% commission on the median listing price of $289,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.