Gladewater's real estate market is experiencing a price correction, with values down 12.9% from last year. Home prices have decreased 26.8% in the past month. At the current sales pace, it would take over 14.0 months to sell all available homes in Gladewater, indicating an oversupplied market. Homes are now taking an average of 102 days to sell, significantly longer than the 44 days typical for this market. A significant 21.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Gladewater market with the affordability index at 178.6. Current trends suggest further price adjustments may occur as the market continues to favor buyers.