Gambo: too few sales to call a trend.
9 homes sold in Gambo through August at a median $160,000 — about 55 days to sell. With so few sales, read these figures as direction, not precision.
Through August, 9 homes have sold, well ahead of last year's pace, and the average sale price of $180,778 is down sharply from the same period in 2025.
Homes are averaging 54.9 days on market so far this year, much faster than the same stretch of 2025.
If you’re selling: Too few sales this year to call a trend — every home stands on its own comparables. Ask us for a free evaluation before you set a price.
Median = the middle sale; the average ($180,778) is pulled up by the biggest sales. Resale only — 3 new-build sales counted separately below.
Matt Wheaton
Matt covers the eastern entrance to the Gander region — established neighbourhoods, river properties, and acreage opportunities.
Gambo
2026 Snapshot · Jan–Aug · resale
Based on MLS® System data owned by the Newfoundland and Labrador Association of REALTORS® covering the period Jan 1, 2026 through Aug 31, 2026.
With only 9 sales year-to-date, months of supply is not a reliable read here — a couple of listings coming or going swings it. Use the year-to-date price and days-on-market figures, and read them as direction, not precision. Gambo currently has 3 homes for sale.
These arrows compare this year to the same period last year using the exact same calendar window, so the comparison is fair.
August 2026 vs. August 2025.
Neither July 2026 nor August 2025 had enough sales in Gambo to compare against fairly, so no change figures are shown here. The year-to-date numbers below are the reliable read.
August 2026 in plain language.
Year to date, 10 homes have sold, well ahead of last year's pace, and the average sale price of $173,600 is down sharply from the same period in 2025.
Homes are averaging 56.3 days on market so far this year, much faster than the same stretch of 2025.
Recent Closings
in Gambo.
A few of the homes that changed hands in August 2026 — real closings, straight from the MLS® record.
14 Norman's Road, Gambo
4 bed · 3 bath · Detached,Bungalow
Listed at $215,000 · Sold in 111 days on market
3 Freshwater Road, Gambo
4 bed · 2 bath · Detached,Split Entry
Listed at $195,000 · Sold in 13 days on market
Want to see what homes like these actually sold for? Register free to unlock full sale prices, sale-to-list ratios, and price history for every closing in Gambo.
See Full Sold PricesEvery Community
Side by Side.
Year-to-date results for each community we serve. Click any community for its full market page. Price per square foot uses the last 12 months of resale homes that recorded a floor area, and every figure shows how many sales it is built on.
| Community | Sales YTD | Median Price | $ / Sq Ft · Median | Typical Size | Avg Days on Market | Market Type |
|---|---|---|---|---|---|---|
| Gander & Area | 113 | $342,000 | $16483 sales | 2,000 sq ft | 44.6 | Seller's Market |
| Lewisporte | 60 | $185,000 | $11645 sales | 1,554 sq ft | 66.8 | Buyer's Market |
| The Gander Loop | 22 | $129,000 | $8224 sales | 1,559 sq ft | 98.5 | Buyer's Market |
| Notre Dame Bay | 20 | $162,500 | $10510 sales | 1,580 sq ft | 56.8 | Buyer's Market |
| Glovertown | 19 | $135,000 | $10710 sales | 1,235 sq ft | 98.6 | Buyer's Market |
| Twillingate | 19 | $180,000 | $7512 sales | 1,204 sq ft | 74.3 | Buyer's Market |
| Gambo | 10 | $143,500 | $132Limited · 5 sales | 1,600 sq ft | 56.3 | Small market |
| Appleton & Glenwood | 8 | $266,000 | $127Limited · 8 sales | 2,240 sq ft | 85.0 | Buyer's Market |
| Eastport | 8 | $277,000 | $129Limited · 5 sales | 1,976 sq ft | 31.1 | Small market |
| Fogo Island | 2 | $98,750 | Too few sales with a floor area | — | 217.0 | Small market |
10 or more sales with a floor area5 to 9 sales: read as direction, not precisionUnder 5: not shown
How to read price per square foot
It levels out size. A large home and a small home can be compared on the same footing, which a median price alone cannot do.
It counts finished floor area only. Land, water frontage, garages and unfinished basements are in the price but not the square footage, so acreage and waterfront homes read high.
It is not a pricing formula. Smaller homes sell for more per square foot than larger ones. Use it to compare communities, then ask for a proper evaluation.
Year-to-date figures for each community we serve, for context on how Gambo compares. Smaller communities trade only a handful of homes a year, so their numbers swing much more than Gander's — read them as direction, not precision.
New builds, counted separately.
Every other number on this page is a resale. New construction — homes sold within a year of being built, or listed as new, under construction or to be built — is shown here on its own (January–August 2026), so the two markets never blur into one average.
Only 3 new-build sales this year — read these as examples, not a market rate.
What Kind of Homes Are Selling.
The homes that changed hands over the last twelve months, cut three ways — by property type, by style of house, and by bedroom count.
| Property Type | Sales | Share | Median Price | Median Beds | Typical Size | $ / Sq Ft · Median | Avg Days on Market |
|---|---|---|---|---|---|---|---|
| Single-Family | 14 | 100% | $187,500 | 3 | 1,600 sq ft | $132Limited · 5 sales | 59.9 |
Trailing 12 months · 14 sales · typical size and $/sq ft use only the sales that recorded a floor area
By Home Style
Most of what trades here is detached single-family, so the style of house is the split that actually separates one seller's market from another's.
| Home Style | Sales | Share | Median Price | Median Beds | Avg Days on Market |
|---|---|---|---|---|---|
| Bungalow | 6 | 100% | $132,500 | 3 | 73.7 |
Trailing 12 months · 6 sales · 2 more had no home style recorded · 6 in groups too small to report
By Bedroom Count
| Bedrooms | Sales | Share | Median Price | Avg Days on Market |
|---|---|---|---|---|
| 3 Bedroom | 8 | 100% | $200,000 | 70.1 |
Trailing 12 months · 8 sales · 6 in groups too small to report
Median price is used here rather than average so one unusually expensive sale does not distort a small category. Categories with fewer than five sales in the past year are left out entirely — in a smaller community that can mean only a row or two appears.
2025 vs. 2026
By the Numbers.
Quarter-by-quarter comparison for Gambo. In a market this size (a handful of sales per month), quarterly groupings give a truthful read — monthly lines would mislead.
Seasonal patterns. In Central NL, the busiest months are typically May-September. Winter months are slower. Knowing this helps time your listing or purchase.
Days on Market and
What It Costs You.
The Gambo data tells a clear and consistent story: homes that sell in their first few weeks achieve sale-to-ask ratios at or near 98.5%. By six weeks and beyond, properties that haven't sold are closing at roughly 86.9% of their last asking price.
That's a difference of about 11.7 percentage points. On a $400,000 home, that's approximately $47,000 left on the table.
Overpricing doesn't delay the sale — it actively reduces what you walk away with. Homes that sit accumulate days on market, which signals to buyers that something is wrong and invites lower offers.
The right price from day one isn't pessimism — it's the strategy that produces the highest final return. This is what the Gambo data shows, updated every month.
| Time on Market | Avg S/A Ratio | Signal |
|---|---|---|
| Week 2 | 93.01% | Significant loss |
| Week 4 | 98.55% | Strong |
| Week 6 | 91.98% | Significant loss |
| Week 7 | 91.32% | Significant loss |
| Week 9 | 94.31% | Erosion begins |
| Week 12 | 92.08% | Significant loss |
| Week 13+ | 86.89% | Significant loss |
On a $400,000 home, the difference between selling fast and letting it sit is approximately $47,000. Correct pricing from day one is the single most important factor in maximizing your return.
Listings that have been on market six weeks or more are your strongest negotiating position — the data shows these sellers close roughly 12%+ below asking on average.
A Decade of Growth
in Gambo.
Average sale price and total residential sales from 2016 through early 2026.
| Year | Avg Sale Price | Sales | Price Change |
|---|---|---|---|
| 2016 | $117,792 | 12 | — |
| 2017 | $92,643 | 7 | -21.4% |
| 2018 | $91,950 | 5 | -0.7% |
| 2019 | $118,864 | 11 | +29.3% |
| 2020 | $128,100 | 5 | +7.8% |
| 2021 | $157,305 | 21 | +22.8% |
| 2022 | $188,028 | 9 | +19.5% |
| 2023 | $132,942 | 18 | -29.3% |
| 2024 | $144,274 | 17 | +8.5% |
| 2025 | $228,875 | 12 | +58.6% |
| 2026 YTD | $173,600 | 10 | -24.2% |
How the market has evolved over a full decade. Long-term trends matter more than any single year.
The total number of homes that closed during this period. More sales generally indicate a healthier, more active market.
Gambo in six questions.
Is Gambo a buyer's or seller's market right now?
Gambo is too small a market to call: with 9 sales January through August 2026, a couple of listings coming or going swings the months-of-supply figure, so we don't publish a verdict. Read the year-to-date price and days-on-market figures as direction, not precision.
What is the median home price in Gambo?
The median sale price in Gambo is $160,000 (January through August 2026, NLAR MLS® residential sales), and the average sale price is $180,778. The median is the middle sale, so one unusually expensive home doesn't distort it.
How long does it take to sell a home in Gambo?
Homes in Gambo have averaged 55 days on the market before selling (January through August 2026). In August 2026 alone the average was 62 days.
How many homes have sold in Gambo this year?
9 homes sold in Gambo January through August 2026 on the MLS® System, compared with 7 over the same window a year earlier.
How much new construction is selling in Gambo?
3 newly built homes sold in Gambo January through August 2026 — about 25% of all residential sales there, at a median price of $235,000. The headline statistics on this page are resale only; new construction (homes sold within a year of being built, or listed as new, under construction or to be built) is counted separately.
Where do the Gambo market statistics come from?
Every figure on this page is computed from the Newfoundland and Labrador Association of REALTORS® MLS® System (residential sales), refreshed daily by Royal LePage Turner Realty. Recent months keep filling in as sold notices are processed, so the latest month is always shown as 'reported so far'.
- Average Sale Price
- The average price buyers paid for homes. This includes all residential property types. For a more specific comparison, consider filtering by property type.
- Median vs. Average
- The median is the middle sale — half sold for more, half for less — and it shrugs off one unusually expensive home. The average adds every sale and divides, so a single high sale in a small community can pull it up sharply. In small markets, trust the median.
- Sale-to-List Ratio
- Measures how close homes sell to their asking price. 100% means sellers get exactly what they ask. Above 100% suggests multiple offers. Below 95% means buyers have negotiating room.
- Days on Market
- How long the typical home sits before selling. Under 30 days is fast-moving. Over 90 days is slower. This helps set realistic expectations for listing or offer timing.
- Sold at 100%+ Asking
- Homes that sold at or above the listed price. A high number here means multiple-offer situations are common.
- Months of Supply
- How long it would take to sell every home currently listed at the recent pace of sales — active listings divided by average monthly sales over the last 12 months. Under 5 months is a seller's market, 5–7 balanced, 7 or more a buyer's market. In small communities a couple of listings can swing it, so the verdict is withheld below 15 sales a year.
- Sales-to-New-Listings Ratio
- Homes sold in a month as a share of homes newly listed that month — the CREA measure of whether demand is keeping up with fresh supply. Under 40% favours buyers, over 60% favours sellers. Shown as a rolling three-month figure because a single month swings on a handful of sales.
- New Construction vs. Resale
- Every headline figure here is a resale. A sale counts as new construction when the home sold within a year of being built, or was listed as new, under construction or to be built; those sales are shown on their own in the What's Selling section so a new-build premium never inflates the resale median.
- Price per Square Foot
- The sold price divided by the home's finished floor area, shown as the median across recent resale homes. It lets you compare communities and styles of house without size getting in the way. Only about half of listings record a floor area, so every figure says how many sales it is built on; 5 to 9 sales is flagged as limited, and under 5 is not shown. Land, waterfront and garages are in the price but not the square footage.
- Full real estate glossary →
- 100+ plain-English terms for buying, selling and reading the market in Newfoundland & Labrador.
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