Is Greene County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greene County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Greene County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Greene County, VA

How much do homes in Greene County, VA cost?

Median Sold Price

$415,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,000(+8.6%)

Key Takeaway

Homes in Greene County have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Greene County was $415,000 in November 2024, up 8.6% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $232K$206K
-11.2%
2 $370K$378.7K
+2.4%
3 $340K$359.9K
+5.9%
4 $447.5K$500K
+11.7%
5+ $576.7K$681.8K
+18.2%

Summary: Greene County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 18.2%.

Median Sold Price Compared To Nearby Counties

Madison County
+15.1%
Greene County
+8.6%
Orange County
+5.7%
Page County
+2.5%

Housing Supply in Greene County, VA

How many homes are available in Greene County, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8275-8.5%

Summary: The Greene County real estate market had 75 homes for sale in November 2024, a 8.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1210
-16.7%
3 4340
-7.0%
4 2524
-4.0%
5+ 21
-50.0%

Summary: The Greene County 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 16.7%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2122+4.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greene County, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Greene County in November 2024, up by 4.8% month-over-month. Of the 22 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for Greene County, VA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days60 Days+96.2%

Summary: Homes in Greene County had an average of 60 days on market in Nov 2024, up by 96.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Greene County has remained consistent over time.

Summary: During November 2024, 22 homes were sold in Greene County; 36% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 23% 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 20 Days Ago

Newest Listings in Greene County, VA

Nearby Markets to Greene County, VA

What housing markets are near Greene County, VA?