Is Gatesville, NC 27938 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Gatesville is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Gatesville housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Gates County, NC

Population	1,790
Median income	$65,217
Average income	$68,347
Median home value	$151,200
Median rent	$984/month
Owner-occupied	80% of homes
Median year built	1987

Natural hazard riskHurricanes (relatively high), winter storms (relatively high), extreme heat (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 27938; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 27938

Prefilled for 27938Can I win this house?Multiple-offer likelihood for a listing Prefilled for 27938Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Corapeake 27926Seller’s market $217 /sq ft Eure 27935Seller’s market $130 /sq ft Gates 27937Seller’s market $195 /sq ft Hobbsville 27946Seller’s market $175 /sq ft Browse all markets →

Towns like Gatesville nearby

Find towns like Gatesville in other states →

Hobbsville, NC27946 · 7 miles away81% similarpricier homes ($53K more) · smaller Gates, NC27937 · 7 miles away71% similarlarger · younger residents Sunbury, NC27979 · 7 miles away68% similarpricier homes ($41K more) · smaller Boykins, VA23827 · 29 miles away65% similarsmaller · younger residents

Where Gatesville is

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Questions about Gatesville real estate

What are property taxes in Gatesville?

About 0.76% of a home’s value a year in Gates County, or roughly $3,040 on a $400,000 home.

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More tools for 27938

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Gates County property taxes Gates County loan limits Closing costs in North Carolina Hottest ZIP codes in North Carolina

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology