Gun Barrel City Home Values

Gun Barrel City sits on the southern shore of Cedar Creek Lake, one of the largest reservoirs in Texas and a weekend magnet for Dallas-Fort Worth. The town grew up around the lake and still revolves around it — boat ramps, waterfront lots, fishing docks, and lake-view patios define the housing stock. The market ranges from furnished weekend cabins and tiny homes near the water to craftsman-style waterfront estates with private docks and seawalls. Harbor Point, Mantle Manors, and Arbolado are among the subdivisions that anchor the community, while Highway 334 serves as the commercial spine connecting it all.

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.