Is Clinchco, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clinchco is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Clinchco has remained a Seller's Market.

Key Takeaway

Clinchco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Clinchco, VA

How much do homes in Clinchco, VA cost?

Median Sold Price

$182,500

$162/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$112,500(-38.1%)

Key Takeaway

Homes in Clinchco have sold for 38.1% less than they did a month ago.

Summary: The median home sold price in Clinchco was $182,500 in November 2024, down 38.1% from last month, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$182.5K
N/A
4 $295K-
N/A
5+ --
N/A

Summary: Clinchco housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Clinchco, VA

How many homes are available in Clinchco, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
42-50.0%

Summary: The Clinchco real estate market had 2 homes for sale in November 2024, a 50.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 22
0.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The Clinchco 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clinchco, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Clinchco in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Clinchco, VA

How long does it take to sell a home in Clinchco, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
47 Days161 Days+242.6%

Summary: Homes in Clinchco had an average of 161 days on market in Nov 2024, up by 242.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Clinchco are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Clinchco; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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