Gateway residential real estate market — Jun 2026

Is Gateway a buyer's or seller's market?

As of the latest data, Gateway is a balanced market. There are about 4.7 months of inventory — 4 to 7 months is considered balanced. Around 21.1% of homes sold above asking, and the typical sale closed at 100.0% of list price.

How much does a home cost in Gateway?

The median sold price for a home in the Gateway neighbourhood is $900K, down 18.8% from a year ago. The average sold price is $888K. That works out to roughly $556 per square foot.

Are homes in Gateway selling over asking?

21.1% of homes that sold in the Gateway neighbourhood closed above their list price. The typical home sold at 100.0% of asking. Among the homes that sold over asking, the median premium was +$10.6k over asking.

How long do homes take to sell in Gateway?

Half of the homes that sold in the Gateway neighbourhood went under contract within about 18 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Gateway?

Median sold prices in the Gateway neighbourhood are down 18.8% year over year, at $900K. Currently 13.1% of active listings have cut their asking price at least once, a sign of steady pricing pressure.

Is now a good time to buy or sell in Gateway?

It depends which side you are on. With about 4.7 months of inventory, the Gateway neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 18 days to sell, so both sides have room to negotiate on price and terms.

What is the best time of year to sell a home in Gateway?

Across the past two years, sales activity in the Gateway neighbourhood has been strongest in May and quietest in August. In Greater Victoria the spring market — roughly March through June — is typically the busiest selling season, when buyer demand and prices tend to peak, with activity easing over the winter.

How many homes are for sale in Gateway?

As of the latest data there are 11 active home listings in the Gateway neighbourhood. Over the period, 53 new listings came to market and 18 sold, which is about 4.7 months of inventory at the current sales pace.

Do homes in Gateway sell for more than their assessed value?

The typical home in the Gateway neighbourhood sold at 103.1% of its BC-assessed value — about 3% above its BC Assessment. Assessments are set once a year and lag the market, so a ratio above 100% is common when prices are rising.

Directional market benchmarks from Repliers MLS, BC Assessment & VREB — not an appraisal or personalized advice.