$299,950
28.57 Acres
Land
John A Bowman, Listing Office: Old Dominion Realty
Is Plains, 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, Plains was a Buyer's Market.
Key Takeaway
Plains is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plains, VA
How much do homes in Plains, VA cost?
Median Sold Price
$328,500
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,500(+1.1%)
Key Takeaway
Homes in Plains have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Plains was $328,500 in November 2024, up 1.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $194K | $208.5K | +7.5% |
| 3 Bedrooms | $270K | $298.7K | +10.6% |
| 4 Bedrooms | $342.9K | $377.7K | +10.1% |
| 5+ Bedrooms | $400K | $457.5K | +14.4% |
Summary: Plains 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 7.5%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in Plains, VA
How many homes are available in Plains, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The Plains real estate market had 26 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Plains 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plains, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Plains in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Plains, VA
How long does it take to sell a home in Plains, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 14 Days | +17.1% |
Summary: Homes in Plains had an average of 14 days on market in Nov 2024, up by 17.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plains are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Plains; 83% of homes were sold within 30 days, 17% 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.