$279,000
35.80 Acres
Land
Listing Office: REAL BROKER LLC - MCLEAN
Is Boone, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 4.8% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $222.4K | $215.9K | -2.9% |
| 3 Bedrooms | $300K | $350K | +16.7% |
| 4 Bedrooms | $390K | $339.5K | -12.9% |
| 5+ Bedrooms | $315K | $315K | 0.0% |
Summary: Boone 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 decreased by 2.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gills Creek | $482.5K | $525.6K | +8.9% |
| Cave Spring | $317.9K | $339.5K | +6.8% |
| Boone | $315K | $330K | +4.8% |
| Hardy | $415K | $430K | +3.6% |
| Boones Mill | $339K | $311K | -8.3% |
Housing Supply in Boone, VA
How many homes are available in Boone, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Summary: The Boone real estate market had 29 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Boone 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 decreased by 20%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boone, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Boone in November 2024, up by 28.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Boone, VA
How long does it take to sell a home in Boone, VA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boone are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Boone; 11% of homes were sold within 30 days, 0% 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. 
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.