$10,000 Closing Credit*
$1,350,000
6,020 SqFt
7 Beds
•4 Full Baths, 1 Partial
Listing Office: RE/MAX REAL ESTATE ONE
Is Old Southwest, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Old Southwest has remained a Seller's Market.
Key Takeaway
Old Southwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Southwest, VA
How much do homes in Old Southwest, VA cost?
Median Sold Price
$344,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$69,000(+25.1%)
Key Takeaway
Homes in Old Southwest have sold for 25.1% more than they did a year ago.
Summary: The median home sold price in Old Southwest was $344,000 in October 2024, up 25.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.7K | $237.5K | +23.3% |
| 3 Bedrooms | $348.8K | $352.4K | +1.0% |
| 4 Bedrooms | $260K | $430K | +65.4% |
| 5+ Bedrooms | $390K | $382.5K | -1.9% |
Summary: Old Southwest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 65.4%, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in Old Southwest, VA
How many homes are available in Old Southwest, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Summary: The Old Southwest real estate market had 16 homes for sale in October 2024, a 45.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Old Southwest housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
2 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 Old Southwest, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Old Southwest in October 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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.