$279,000
35.80 Acres
Land
Listing Office: REAL BROKER LLC - MCLEAN
Is Boones Mill, 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, Boones Mill has remained a Seller's Market.
Key Takeaway
Boones Mill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boones Mill, VA
How much do homes in Boones Mill, VA cost?
Median Sold Price
$311,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$28,000(-8.3%)
Key Takeaway
Homes in Boones Mill have sold for 8.3% less than they did a year ago.
Summary: The median home sold price in Boones Mill was $311,000 in November 2024, down 8.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85.5K | N/A |
| 2 Bedrooms | $215K | $179.7K | -16.4% |
| 3 Bedrooms | $305.9K | $347K | +13.4% |
| 4 Bedrooms | $436K | $311K | -28.7% |
| 5+ Bedrooms | $375K | $410K | +9.3% |
Summary: Boones Mill 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 16.4%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 28.7%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Boone | $315K | $330K | +4.8% |
| Boones Mill | $339K | $311K | -8.3% |
Housing Supply in Boones Mill, VA
How many homes are available in Boones Mill, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The Boones Mill real estate market had 25 homes for sale in November 2024, a 7.4% decrease 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Boones Mill 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 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boones Mill, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Boones Mill in November 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Boones Mill, VA
We’re sorry, we don't have information for this market at the moment
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