$1,994 Closing Credit*
$167,900
862 SqFt
2 Beds
•2 Full Baths
Listing Office: MAGNOLIA MOUNTAIN REALTY - MAIN
Is Peaks, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Peaks was a Seller's Market.
Key Takeaway
Peaks is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Peaks, VA
How much do homes in Peaks, VA cost?
Median Sold Price
$323,750
$146/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$51,250(-13.7%)
Key Takeaway
Homes in Peaks have sold for 13.7% less than they did a month ago.
Summary: The median home sold price in Peaks was $323,750 in October 2024, down 13.7% 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 | $185K | $407.5K | +120.3% |
| 3 Bedrooms | $375K | $177.5K | -52.7% |
| 4 Bedrooms | $670K | $690K | +3.0% |
| 5+ Bedrooms | $799K | - | N/A |
Summary: Peaks 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 increased by 120.3%, 3 bedroom homes decreased by 52.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes did not change.
Housing Supply in Peaks, VA
How many homes are available in Peaks, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Peaks real estate market had 29 homes for sale in October 2024, a 7.4% increase 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Peaks 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 increased by 16.7%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Peaks, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Peaks in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Peaks, VA
How long does it take to sell a home in Peaks, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 39 Days | +113.7% |
Summary: Homes in Peaks had an average of 39 days on market in Oct 2024, up by 113.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Peaks are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Peaks; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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. 
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.