$1,424 Closing Credit*
$119,900
1,236 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: USREALTY.COM LLP - HOUSEPAD
Is Banister, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Banister was a Buyer's Market.
Key Takeaway
Banister is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Banister, VA
How much do homes in Banister, VA cost?
Median Sold Price
$102,000
$101/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$63,000(-38.2%)
Key Takeaway
Homes in Banister have sold for 38.2% less than they did a month ago.
Summary: The median home sold price in Banister was $102,000 in October 2024, down 38.2% from last month, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $80K | N/A |
| 3 Bedrooms | $165K | - | N/A |
| 4 Bedrooms | - | $124K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Banister housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Chatham | $90K | $189.9K | +111.0% |
| Banister | $165K | $102K | -38.2% |
Housing Supply in Banister, VA
How many homes are available in Banister, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Banister real estate market had 9 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Banister 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Banister, 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 Banister in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Banister, VA
How long does it take to sell a home in Banister, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 53 Days | -25.4% |
Summary: Homes in Banister had an average of 53 days on market in Oct 2024, down by 25.4% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Banister has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Banister; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.