$4,691 Closing Credit*
$395,000
2,352 SqFt
3 Beds
•3 Full Baths
Listing Office: MKB, REALTORS(r) - FRANKLIN CO
Is Boones Mill, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$322,500
$164/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$12,500(+4.0%)
Key Takeaway
Homes in Boones Mill have sold for 4% more than they did a month ago.
Summary: The median home sold price in Boones Mill was $322,500 in October 2024, up 4% from last month, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $144.9K | $177.4K | +22.4% |
| 3 Bedrooms | $310K | $393K | +26.8% |
| 4 Bedrooms | $680K | $295K | -56.6% |
| 5+ Bedrooms | - | $596K | N/A |
Summary: Boones Mill housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 26.8%, 4 bedroom homes decreased by 56.6%, and 5+ bedroom homes did not change.
Housing Supply in Boones Mill, VA
How many homes are available in Boones Mill, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Boones Mill real estate market had 29 homes for sale in October 2024, a 7.4% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Boones Mill 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 increased by 7.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
4 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 Boones Mill, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Boones Mill in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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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