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Is Gates, TN 38037 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Gates is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market262Listing to accepted offer
Median price per sq ft$190▲ +251.5% vs. last year

The Gates housing market right now

In the three months ending August 31, 2026, 0% of homes in Gates, TN 38037 sold above their list price, the typical home went under contract in 262 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (38 days then) and the median sale price rose 393% to $399,727. Overall, Gates is less competitive than a year ago, which gives buyers more room.

Nearby, Bells 38006 (33% sold over asking) and Brownsville 38012 (6% sold over asking) are even more competitive.

Run the numbers for 38037

Prefilled for 38037Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38037Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bells 38006Balanced $144 /sq ftBrownsville 38012Buyer’s market $127 /sq ftStanton 38069 — /sq ft Browse all markets →

Towns like Gates nearby

Find towns like Gates in other states →
Stanton, TN38069 · 24 miles away74% similarpricier homes ($31K more) · larger Mason, TN38049 · 26 miles away74% similarpricier homes ($73K more) · larger Obion, TN38240 · 33 miles away74% similarpricier homes ($27K more) · 9 min shorter commute Whiteville, TN38075 · 36 miles away73% similarpricier homes ($26K more) · larger

Where Gates is

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Questions about Gates real estate

Is Gates a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in Gates, TN 38037 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Gates?

The typical home went under contract in 262 days in the latest three months.

Do homes in Gates sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Gates?

About 0.62% of a home’s value a year in Haywood County, or roughly $2,480 on a $400,000 home.

What is the median home price in Gates?

The median sale price was $399,727 in the three months ending August 31, 2026, about $190 per square foot.

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