Is Gates, OR 97346 a buyer’s or seller’s market?
Gates is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Gates housing market right now
In the three months ending August 31, 2026, 0% of homes in Gates, OR 97346 sold above their list price, the typical home went under contract in 228 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, 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 (33 days then) and the median sale price rose 46% to $559,708. Overall, Gates is less competitive than a year ago, which gives buyers more room.
Within Marion County, homes here sell more slowly than in 95% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Donald 97020 (100% sold over asking) and Hubbard 97032 (38% sold over asking) are even more competitive.
Run the numbers for 97346
Nearby markets
Aumsville 97325Seller’s market $327 /sq ftAurora 97002Seller’s market $339 /sq ftDetroit 97342Balanced $397 /sq ftDonald 97020Seller’s market $302 /sq ft Browse all markets →Towns like Gates nearby
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Questions about Gates real estate
Is Gates a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Gates, OR 97346 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 228 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 97.0% of the list price.
What are property taxes in Gates?
About 0.84% of a home’s value a year in Marion County, or roughly $3,360 on a $400,000 home.
What is the median home price in Gates?
The median sale price was $559,708 in the three months ending August 31, 2026, about $280 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