$4,691 Closing Credit*
$395,000
2,352 SqFt
3 Beds
•3 Full Baths
Listing Office: MKB, REALTORS(r) - FRANKLIN CO
Is Boone, 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, Boone has remained a Seller's Market.
Key Takeaway
Boone is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boone, VA
How much do homes in Boone, VA cost?
Median Sold Price
$330,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.8%)
Key Takeaway
Homes in Boone have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Boone was $330,000 in October 2024, up 4.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $222.4K | $231.8K | +4.2% |
| 3 Bedrooms | $296K | $350K | +18.2% |
| 4 Bedrooms | $390K | $330K | -15.4% |
| 5+ Bedrooms | $315K | $315K | 0.0% |
Summary: Boone 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 4.2%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gills Creek | $469.5K | $525.6K | +12.0% |
| Cave Spring | $315.5K | $339.5K | +7.6% |
| Boone | $315K | $330K | +4.8% |
| Hardy | $422K | $425K | +0.7% |
Housing Supply in Boone, VA
How many homes are available in Boone, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 31 | +34.8% |
Summary: The Boone real estate market had 31 homes for sale in October 2024, a 34.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Boone 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 150%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boone, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Boone in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Boone, VA
We’re sorry, we don't have information for this market at the moment
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. 
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.