$4,155 Closing Credit*
$349,900
3,328 SqFt
5 Beds
•3 Full Baths
#9973588, 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 October 2023
Since last year, Big Stone Gap has remained a Seller's Market.
Key Takeaway
Big Stone Gap is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Big Stone Gap, VA
How much do homes in Big Stone Gap, VA cost?
Median Sold Price
$207,500
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,750(+12.9%)
Key Takeaway
Homes in Big Stone Gap have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Big Stone Gap was $207,500 in October 2024, up 12.9% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $80.6K | $96K | +19.0% |
| 3 Bedrooms | $129.9K | $160K | +23.2% |
| 4 Bedrooms | $249K | $245.5K | -1.4% |
| 5+ Bedrooms | $230K | $500K | +117.4% |
Summary: Big Stone Gap 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 19%, 3 bedroom homes increased by 23.2%, 4 bedroom homes decreased by 1.4%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Summary: The Big Stone Gap real estate market had 30 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Big Stone Gap 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 increased by 50%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
6 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 6 homes were sold or pending in Big Stone Gap in October 2024, up by 20.0% month-over-month. Of the 6 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 79 Days | 62 Days | -20.6% |
Summary: Homes in Big Stone Gap had an average of 62 days on market in Oct 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were 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 October 2024, 6 homes were sold in Big Stone Gap; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% 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.