$173,500
1.77 Acres
Land
#9974450, Sierra Shortt, Listing Office: Matt Smith Realty
Is Washington County, 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, Washington County was a Seller's Market.
Key Takeaway
Washington County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Washington County, VA
How much do homes in Washington County, VA cost?
Median Sold Price
$275,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,500(+0.9%)
Key Takeaway
Homes in Washington County have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Washington County was $275,000 in November 2024, up 0.9% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $178.7K | N/A |
| 2 Bedrooms | $170K | $191.8K | +12.9% |
| 3 Bedrooms | $248.5K | $265K | +6.6% |
| 4 Bedrooms | $385K | $335K | -13.0% |
| 5+ Bedrooms | $555K | $499K | -10.1% |
Summary: Washington County 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 12.9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Counties
| Sullivan County | $259.5K | $265.1K | +2.2% |
| Washington County | $272.5K | $275K | +0.9% |
| Johnson County | $275K | $275K | 0.0% |
| Russell County | $175K | $169K | -3.4% |
Housing Supply in Washington County, VA
How many homes are available in Washington County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 152 | 159 | +4.6% |
Summary: The Washington County real estate market had 159 homes for sale in November 2024, a 4.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 83 | 90 | +8.4% |
| 4 Bedrooms | 36 | 35 | -2.8% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Washington County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 26 | -21.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington County, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Washington County in November 2024, down by 21.2% month-over-month. Of the 26 sold homes, 62% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Washington County, VA
How long does it take to sell a home in Washington County, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 63 Days | +15.3% |
Summary: Homes in Washington County had an average of 63 days on market in Nov 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Washington County has remained consistent over time.
Summary: During November 2024, 26 homes were sold in Washington County; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
