Home Sales Bottom in Gun Barrel City Real Estate Market

Hitting a record low dating back to April, seven homes were sold in the Gun Barrel City market over the last 30 days. This represents a 12.5% decrease and comes on top of a nine-week steady downturn in sales activity. When comparing other close-by municipalities within the same period, the most came from Enchanted Oaks with six sales. As sales found a new low point, months of inventory rose, trending up for four weeks to 18 months. The downturn in sales and such a large amount of inventory prove that Gun Barrel City is still a definite buyer's market.

If price is the most important factor in your decision, these are some inexpensive homes being listed in Gun Barrel City:

$105K   $109K   $114K  

Get started right now by checking out Gun Barrel City homes for sale or reviewing Gun Barrel City real estate trends.

Demographic facts for Gun Barrel City:

  • The average age of the population is 44 years old.
  • This area has a health cost index score of 93.8. (100 = national average)
  • Here are some of the distributions of commute times for the area: <15 min (41.9%), 15-29 min (18.9%), 30-44 min (12.5%), 45-59 min (5.2%), >60 min (21.6%).

Data reported through 10/12/2016

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Ask a local expert about this area:
Red Phone Real Estate
Snapped 7 homes in this area

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