$2,553 Closing Credit*
$215,000
1,125 SqFt
3 Beds
•1 Full Bath
#9973758, Josh Taylor, Listing Office: REMAX Results Bristol
Is Abingdon, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Abingdon has remained a Seller's Market.
Key Takeaway
Abingdon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Abingdon, VA
How much do homes in Abingdon, VA cost?
Median Sold Price
$299,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,000(-0.7%)
Key Takeaway
Homes in Abingdon have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Abingdon was $299,500 in October 2024, down 0.7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189K | $235K | +24.3% |
| 3 Bedrooms | $279K | $271.5K | -2.7% |
| 4 Bedrooms | $395K | $361.5K | -8.5% |
| 5+ Bedrooms | $525K | $512.5K | -2.4% |
Summary: Abingdon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.3%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in Abingdon, VA
How many homes are available in Abingdon, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 59 | -7.8% |
Summary: The Abingdon real estate market had 59 homes for sale in October 2024, a 7.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 40 | 33 | -17.5% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Abingdon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 17.5%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Abingdon, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Abingdon in October 2024, down by 25.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Abingdon, VA
How long does it take to sell a home in Abingdon, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 84 Days | 69 Days | -17.5% |
Summary: Homes in Abingdon had an average of 69 days on market in Oct 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Abingdon has remained consistent over time.
Summary: During October 2024, 12 homes were sold in Abingdon; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
