$4,619 Closing Credit*
$389,000
3,588 SqFt
3 Beds
•3 Full Baths
#9974359, Amy Hubbard, Listing Office: Century 21 Bennett & Edwards
Is Big Stone Gap, 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, Big Stone Gap was a Seller's Market.
Key Takeaway
Big Stone Gap is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Big Stone Gap, VA
How much do homes in Big Stone Gap, VA cost?
Median Sold Price
$215,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+22.9%)
Key Takeaway
Homes in Big Stone Gap have sold for 22.9% more than they did a year ago.
Summary: The median home sold price in Big Stone Gap was $215,000 in November 2024, up 22.9% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95.3K | $96K | +0.7% |
| 3 Bedrooms | $130K | $205K | +57.7% |
| 4 Bedrooms | $244K | $246K | +0.8% |
| 5+ Bedrooms | $230K | $500K | +117.4% |
Summary: Big Stone Gap 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 increased by 0.7%, 3 bedroom homes increased by 57.7%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 117.4%.
Housing Supply in Big Stone Gap, VA
How many homes are available in Big Stone Gap, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Summary: The Big Stone Gap real estate market had 33 homes for sale in November 2024, a 6.5% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Big Stone Gap 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 remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Big Stone Gap, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Big Stone Gap in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Big Stone Gap, VA
How long does it take to sell a home in Big Stone Gap, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 100 Days | +41.5% |
Summary: Homes in Big Stone Gap had an average of 100 days on market in Nov 2024, up by 41.5% 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 Big Stone Gap has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Big Stone Gap; 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.
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.