$9,369 Closing Credit*
$789,000
2,848 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: VIRGINIA REALTY GROUP
Is Gills Creek, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Gills Creek was a Seller's Market.
Key Takeaway
Gills Creek is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Gills Creek, VA
How much do homes in Gills Creek, VA cost?
Median Sold Price
$525,666
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,166(+8.9%)
Key Takeaway
Homes in Gills Creek have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Gills Creek was $525,666 in November 2024, up 8.9% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $235K | +23.7% |
| 2 Bedrooms | $447K | $468K | +4.7% |
| 3 Bedrooms | $485K | $501.7K | +3.5% |
| 4 Bedrooms | $725K | $930K | +28.3% |
| 5+ Bedrooms | $1.1M | $1.3M | +18.3% |
Summary: Gills Creek housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Union Hall | $650K | $850K | +30.8% |
| Wirtz | $477.4K | $524.9K | +9.9% |
| Gills Creek | $482.5K | $525.6K | +8.9% |
| Boone | $315K | $330K | +4.8% |
| Hardy | $415K | $430K | +3.6% |
Housing Supply in Gills Creek, VA
How many homes are available in Gills Creek, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 114 | +15.2% |
Summary: The Gills Creek real estate market had 114 homes for sale in November 2024, a 15.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 46 | 57 | +23.9% |
| 4 Bedrooms | 28 | 25 | -10.7% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Gills Creek housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 23.9%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gills Creek, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Gills Creek in November 2024, down by 17.4% month-over-month. Of the 19 sold homes, 53% were sold under asking, 37% were sold at asking, and 11% were sold over asking.
Days on Market for Gills Creek, VA
We’re sorry, we don't have information for this market at the moment
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.