Is Scott County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Scott County has remained a Seller's Market.
Housing Prices in Scott County, VA
How much do homes in Scott County, VA cost?
Median Sold Price
$183,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Scott County was $183,000 in May 2024, up 16.2% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $201.1K | +209.4% |
2 Bedrooms | $124K | $128K | +3.2% |
3 Bedrooms | $168K | $185.5K | +10.4% |
4 Bedrooms | $225K | $245K | +8.9% |
5+ Bedrooms | $148.5K | $440.9K | +197.0% |
Summary: Scott County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 209.4%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 197%.
Median Sold Price Compared To Nearby Counties
Scott County | $157.5K | $183K | +16.2% |
Lee County | $120K | $135.9K | +13.3% |
Wise County | $130K | $145K | +11.5% |
Hawkins County | $225K | $244.5K | +8.7% |
Sullivan County | $241.6K | $259.8K | +7.5% |
Housing Supply in Scott County, VA
How many homes are available in Scott County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
68 | 67 | -1.5% |
Summary: The Scott County real estate market had 67 homes for sale in May 2024, a 1.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 6 | -40.0% |
3 Bedrooms | 45 | 46 | +2.2% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Scott County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Scott County in May 2024, up by 30.8% month-over-month. Of the 17 sold homes, 59% were sold under asking, 29% were sold at asking, and 12% were sold over asking.
Days on Market for Scott County, VA
How long does it take to sell a home in Scott County, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
81 Days | 68 Days | -16.1% |
Summary: Homes in Scott County had an average of 68 days on market in May 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Scott County; 12% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.