$1,483 Closing Credit*
$124,900
1,470 SqFt
3 Beds
•1 Full Bath, 1 Partial
Victoria Gilliland, Listing Office: Watts Auction Realty Appraisals Inc
Is Long Island, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Long Island has remained a Seller's Market.
Key Takeaway
Long Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Long Island, VA
How much do homes in Long Island, VA cost?
Median Sold Price
$359,900
$146/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$65,000(+22.0%)
Key Takeaway
Homes in Long Island have sold for 22% more than they did a month ago.
Summary: The median home sold price in Long Island was $359,900 in October 2024, up 22% from last month, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $294.9K | - | N/A |
| 4 Bedrooms | - | $359.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Long Island housing prices by bedroom type for October 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.
Median Sold Price Compared To Nearby Cities
| Long Island | $294.9K | $359.9K | +22.0% |
| Banister | $165K | $102K | -38.2% |
| Nathalie | $152K | $52.2K | -65.6% |
Housing Supply in Long Island, VA
How many homes are available in Long Island, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Summary: The Long Island real estate market had 3 homes for sale in October 2024, a 40.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Long Island housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Long Island, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Long Island in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Long Island, VA
How long does it take to sell a home in Long Island, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 16 Days | +37.5% |
Summary: Homes in Long Island had an average of 16 days on market in Oct 2024, up by 37.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Long Island are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Long Island; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.