$2,730 Closing Credit*
$229,900
1,500 SqFt
3 Beds
•2 Full Baths
#9974493, Edward Grindstaff, Listing Office: Integrity Property Group
Is Lee County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lee County has remained a Seller's Market.
Key Takeaway
Lee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lee County, VA
How much do homes in Lee County, VA cost?
Median Sold Price
$148,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+15.6%)
Key Takeaway
Homes in Lee County have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Lee County was $148,000 in November 2024, up 15.6% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70.5K | $305K | +332.6% |
| 2 Bedrooms | $68K | $82.2K | +21.0% |
| 3 Bedrooms | $142K | $139.4K | -1.8% |
| 4 Bedrooms | $219.5K | $200K | -8.9% |
| 5+ Bedrooms | $130K | $392K | +201.5% |
Summary: Lee County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 332.6%, 2 bedroom homes increased by 21%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 201.5%.
Median Sold Price Compared To Nearby Counties
| Scott County | $157K | $195K | +24.2% |
| Bell County | $129K | $155.7K | +20.7% |
| Lee County | $128K | $148K | +15.6% |
| Wise County | $134K | $151K | +12.7% |
Housing Supply in Lee County, VA
How many homes are available in Lee County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 61 | -9.0% |
Summary: The Lee County real estate market had 61 homes for sale in November 2024, a 9.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 35 | 34 | -2.9% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lee 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 5.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lee County, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lee County in November 2024, up by 10.0% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Lee County, VA
How long does it take to sell a home in Lee County, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 126 Days | 74 Days | -41.4% |
Summary: Homes in Lee County had an average of 74 days on market in Nov 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lee County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 11 homes were sold in Lee County; 36% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.