Is Piney Mountain, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Piney Mountain is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Piney Mountain was a Neutral Market.

Key Takeaway

Piney Mountain is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Piney Mountain, VA

How much do homes in Piney Mountain, VA cost?

Median Sold Price

$292,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$450(-0.2%)

Key Takeaway

The sold price of homes in Piney Mountain has remained the same since last year.

Summary: The median home sold price in Piney Mountain was $292,000 in November 2024, down 0.2% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $310K$92K
-70.3%
3 $272.9K$315K
+15.4%
4 $295K$271.9K
-7.8%
5+ $625K-
N/A

Summary: Piney Mountain 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 decreased by 70.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Appomattox
+8.9%
Wreck Island
+1.6%
Piney Mountain
-0.2%

Housing Supply in Piney Mountain, VA

How many homes are available in Piney Mountain, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1624+50.0%

Summary: The Piney Mountain real estate market had 24 homes for sale in November 2024, a 50.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1320
+53.8%
4 11
0.0%
5+ 00
0.0%

Summary: The Piney Mountain 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 increased by 50%, 3 bedroom homes increased by 53.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Piney Mountain, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Piney Mountain in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Piney Mountain, VA

How long does it take to sell a home in Piney Mountain, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
55 Days20 Days-64.0%

Summary: Homes in Piney Mountain had an average of 20 days on market in Nov 2024, down by 64% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Piney Mountain are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Piney Mountain; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Piney Mountain, VA

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