Comprehensive market data and analysis• Updated Oct 2026
16.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 2 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | 1 | 1 | 2 |
| 5-10 acres | - | - | 2 | 3 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | 1 | 1 | 2 |
| 50-100 acres | - | 2 | 2 | 2 |
| 100+ acres | - | - | 1 | 3 |
| TOTAL | 0 | 4 | 7 | 15 |
Acreage buckets
The median price for land in Gate City, Virginia is currently $4K per acre. For a typical parcel, the median sale price is $75K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $18K while premium lots reached $229K.
Gate City, Virginia is currently a strong buyer's market with 16.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Gate City, Virginia currently has 16.5 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 11 active listings in Gate City, Virginia. 5 new listings have hit the market in the last 90 days. The median asking price is $175K.
The current absorption rate in Gate City, Virginia is 6.1% (3-month basis), indicating slow demand.
Land in Gate City, Virginia typically sells within 106 days of listing. The median time on market is 53 days. Properties are moving at a moderate pace in the current strong buyer's market.
The 3-month absorption rate in Gate City, Virginia is 6.1%. The 12-month rate is 17.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Gate City on LandyDandy.
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