Gun Barrel City Home Values

More than half of Gun Barrel City's closings settled below asking price this quarter, reversing August's improvement in price execution, based on MLS data for 2026-09 closings in Gun Barrel City. Price per square foot pulled back to around $158, giving up July and August's gains and landing near the trailing year's average. Sellers still recovered close to 94 cents on the dollar, a modest step down from last quarter's near-97-cent mark, while roughly three in ten transactions included a concession, up from about one in four last period. With 37 closings this quarter, the pullback reads as directional rather than settled, though it marks a reversal of midsummer's steadier footing.

While new listings in Gun Barrel City cooled slightly to around 135, months of supply eased fractionally to about 23 — the first pause in several months of steady climbing — though the reading stays deeply past the four-month threshold separating buyer- and seller-favorable conditions. Active inventory held near 280 homes, essentially unchanged, and pending contracts slipped further to roughly nine, among the thinnest readings of the year. The pipeline suggests buyers are retaining substantial negotiating room, even as the pace of oversupply's growth appears to be leveling off.

Price per square foot in Gun Barrel City eased to around $174 this quarter, down from roughly $180 last period but still above the trailing year's $164 mark, based on MLS data for 2026-08 closings in Gun Barrel City. Sellers gave up less ground elsewhere: close to 97 cents on the dollar came home at closing, up from about 95 cents last quarter, and just over four in ten sales closed below list, an improvement from roughly half the period before. None closed above asking, and concessions appeared in about one in four transactions. With 34 closings this quarter, the reading stays directional, but it points to sellers holding steadier footing on price execution even as the valuation metric slipped.

Pending contracts in Gun Barrel City slipped to roughly ten this quarter, down further from about a dozen last period and a fraction of the more than 100 pending a year ago. New listings held nearly flat near 140, keeping active inventory elevated around 270 homes. Months of supply climbed past 23, well beyond the four-month threshold separating buyer- and seller-favorable conditions, extending a stretch of oversupply across multiple quarters. With contract signings this thin against a steady flow of new listings, the pipeline points toward buyers gaining more room to negotiate ahead.

Days on market in Gun Barrel City compressed to roughly two months at closing this quarter, down sharply from the 78-day pace reported last month and below the trailing year's 74-day median, based on MLS data for 2026-07 closings in Gun Barrel City. The faster close times arrived alongside firmer pricing: sellers received close to 95 cents on the dollar, up from roughly 92 cents last quarter, and price per square foot climbed to about $180, a step up from the $165 trailing-year mark. Half of transactions closed below list, an improvement from last quarter's six-in-ten share, while none closed above asking. With closings still under 40 for the quarter, the acceleration reads as directional rather than settled.

Pending contracts in Gun Barrel City fell to roughly a dozen this quarter, down from about 30 last period, even as new listings held near 140 and active inventory stayed close to 240 — a pipeline gap that points toward slower contract formation despite quicker closings on the sales side. Months of supply pushed further past 19, well beyond the four-month threshold marking balanced conditions. The widening space between listing volume and pending activity suggests near-term absorption is losing ground even as existing inventory keeps moving.