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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coeburn is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Coeburn was a Seller's Market.

Key Takeaway

Coeburn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Coeburn, VA

How much do homes in Coeburn, VA cost?

Median Sold Price

$138,620

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$43,620(+45.9%)

Key Takeaway

Homes in Coeburn have sold for 45.9% more than they did a year ago.

Summary: The median home sold price in Coeburn was $138,620 in November 2024, up 45.9% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $14.5K-
N/A
2 $62.5K$99.2K
+58.8%
3 $98.5K$145K
+47.2%
4 $170K$245K
+44.1%
5+ $95K$151.3K
+59.3%

Summary: Coeburn 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 increased by 58.8%, 3 bedroom homes increased by 47.2%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes increased by 59.3%.

Housing Supply in Coeburn, VA

How many homes are available in Coeburn, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1415+7.1%

Summary: The Coeburn real estate market had 15 homes for sale in November 2024, a 7.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 78
+14.3%
4 55
0.0%
5+ 00
0.0%

Summary: The Coeburn 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

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 Coeburn, 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 Coeburn in November 2024, down by 50.0% month-over-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 Coeburn, VA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
169 Days74 Days-56.3%

Summary: Homes in Coeburn had an average of 74 days on market in Nov 2024, down by 56.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Coeburn has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Coeburn; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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