Gun Barrel City Home Values

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.

Price per square foot in Gun Barrel City slipped to around $160 in the most recent quarter — down from $178 in the prior period and below the trailing-year average of $163, based on MLS data for 2026-06 closings in Gun Barrel City. The median sale settled near $185,000, with sellers receiving roughly 92 cents on the dollar at close. Nearly six in ten transactions finalized below list, and no closings completed above asking price. Days on market shortened to about 78 — a week faster than the prior quarter — suggesting that properties priced within the market's tolerance are finding buyers more efficiently even as the price floor has moved lower. With a limited sample of 43 quarterly closings, these directional signals warrant hedged interpretation.

New listings in Gun Barrel City accelerated this quarter, with roughly 138 homes entering the market — a roughly 22 percent increase from the prior period — while pending contracts edged up only modestly to around 30. Active inventory rose to 245, widening the gap between supply and absorption. Months of supply held at approximately 17, still far above the four-month threshold that marks balanced conditions. The uptick in days-on-market velocity (closings are happening slightly faster) has not yet translated into a tighter pipeline; the imbalance between listing pace and pending activity continues to define near-term conditions in Henderson County's most active lakeside market.

Homes that closed in Gun Barrel City during the trailing quarter averaged $178 per square foot — a step above the $166 per square foot recorded across the full trailing year, based on MLS data for 2026-05 closings in Gun Barrel City. The median sale came in just above $200,000, with sellers receiving roughly 91 cents on the dollar at closing. Days on market stretched to about 85 at close, a notable extension from the 73-day annual median. With no closings completing above list price this quarter and two-thirds of transactions finalizing below ask, the directional data suggests sellers absorbed meaningful discounting pressure. The limited sample of 36 quarterly closings warrants hedged interpretation, but the trend is consistent.

New listings entering Gun Barrel City's market outpaced pending contracts by a wide margin this quarter — roughly 113 new listings against only 26 pending contracts, extending a pipeline imbalance that points toward continued buyer advantage in near-term negotiations. Active inventory held steady at around 212 homes. Months of supply remained deeply elevated at nearly 18, well above the four-month threshold that signals a buyer's market. The directional data suggests absorption has not kept pace with listing activity, and supply conditions heading into summer favor patient buyers rather than urgency-driven offers.