$3,859 Closing Credit*
$325,000
1,627 SqFt
3 Beds
•2 Full Baths
Tana S Hoffman, Listing Office: Sager Real Estate
Is Basye, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Basye was a Buyer's Market.
Key Takeaway
Basye is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Basye, VA
How much do homes in Basye, VA cost?
Median Sold Price
$350,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$55,500(+18.8%)
Key Takeaway
Homes in Basye have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Basye was $350,000 in December 2024, up 18.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $143.7K | +2.7% |
| 2 Bedrooms | $162.5K | $166.5K | +2.5% |
| 3 Bedrooms | $337.5K | $386K | +14.4% |
| 4 Bedrooms | $375K | $405.5K | +8.1% |
| 5+ Bedrooms | $511.5K | $395K | -22.8% |
Summary: Basye housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 22.8%.
Median Sold Price Compared To Nearby Cities
| Basye | $294.5K | $350K | +18.8% |
| Lost River | $338K | $317.5K | -6.1% |
| Lost City | $442K | $325K | -26.5% |
Housing Supply in Basye, VA
How many homes are available in Basye, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Basye real estate market had 16 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Basye housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Basye, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Basye in December 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Basye, VA
How long does it take to sell a home in Basye, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 26 Days | 47 Days | +80.2% |
Summary: Homes in Basye had an average of 47 days on market in Dec 2024, up by 80.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Basye are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in Basye; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
