$3,918 Closing Credit*
$329,900
2,168 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: WAINWRIGHT & CO., REALTORS(r)
Is Old Southwest, 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, Old Southwest was a Seller's Market.
Key Takeaway
Old Southwest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Old Southwest, VA
How much do homes in Old Southwest, VA cost?
Median Sold Price
$383,750
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$108,750(+39.5%)
Key Takeaway
Homes in Old Southwest have sold for 39.5% more than they did a year ago.
Summary: The median home sold price in Old Southwest was $383,750 in November 2024, up 39.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145K | N/A |
| 2 Bedrooms | $135.5K | $237.5K | +75.3% |
| 3 Bedrooms | $297.7K | $385K | +29.3% |
| 4 Bedrooms | $245K | $467K | +90.6% |
| 5+ Bedrooms | $390K | $382.5K | -1.9% |
Summary: Old Southwest 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 75.3%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 90.6%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Old Southwest | $275K | $383.7K | +39.5% |
| Downtown Roanoke | $218.5K | $270K | +23.6% |
Housing Supply in Old Southwest, VA
How many homes are available in Old Southwest, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Summary: The Old Southwest real estate market had 16 homes for sale in November 2024, a 33.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Old Southwest 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 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Southwest, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Old Southwest in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Old Southwest, 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.