$594 Closing Credit*
$50,000
768 SqFt
2 Beds
•1 Full Bath
#9974288, Martha Jett, Listing Office: Century 21 Bennett & Edwards
Is Appalachia, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Appalachia was a Buyer's Market.
Key Takeaway
Appalachia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Appalachia, VA
How much do homes in Appalachia, VA cost?
Median Sold Price
$37,700
$27/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$27,300(-42.0%)
Key Takeaway
Homes in Appalachia have sold for 42% less than they did a year ago.
Summary: The median home sold price in Appalachia was $37,700 in November 2024, down 42% from last year, and the median price per square foot was $27.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $52.5K | $20K | -61.9% |
| 3 Bedrooms | $70.7K | $38K | -46.3% |
| 4 Bedrooms | $80K | $84.9K | +6.2% |
| 5+ Bedrooms | $95K | $22K | -76.8% |
Summary: Appalachia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 61.9%, 3 bedroom homes decreased by 46.3%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 76.8%.
Housing Supply in Appalachia, VA
How many homes are available in Appalachia, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Appalachia real estate market had 8 homes for sale in November 2024, a 33.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Appalachia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Appalachia, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Appalachia in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Appalachia, VA
How long does it take to sell a home in Appalachia, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 67 Days | +46.7% |
Summary: Homes in Appalachia had an average of 67 days on market in Nov 2024, up by 46.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Appalachia has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Appalachia; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
