$5,700 Closing Credit*
$479,990
2,340 SqFt
4 Beds
•3 Full Baths, 1 Partial
Tracy Jennings, Listing Office: BrightMLS Office
Is Wilderness Shores, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Wilderness Shores has remained a Seller's Market.
Key Takeaway
Wilderness Shores is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wilderness Shores, VA
How much do homes in Wilderness Shores, VA cost?
Median Sold Price
$415,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$1,500(+0.4%)
Key Takeaway
The sold price of homes in Wilderness Shores has remained the same since last year.
Summary: The median home sold price in Wilderness Shores was $415,000 in September 2024, up 0.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $335K | N/A |
| 3 Bedrooms | $300.5K | $339K | +12.8% |
| 4 Bedrooms | $434.9K | $440K | +1.2% |
| 5+ Bedrooms | $442K | $489.9K | +10.9% |
Summary: Wilderness Shores housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 10.9%.
Housing Supply in Wilderness Shores, VA
How many homes are available in Wilderness Shores, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 43 | 40 | -7.0% |
Summary: The Wilderness Shores real estate market had 40 homes for sale in September 2024, a 7.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Wilderness Shores housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 17 | +142.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilderness Shores, expect to pay close to the asking price. 64.7% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Wilderness Shores in September 2024, up by 142.9% month-over-month. Of the 17 sold homes, 18% were sold under asking, 65% were sold at asking, and 18% were sold over asking.
Days on Market for Wilderness Shores, VA
How long does it take to sell a home in Wilderness Shores, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 24 Days | 47 Days | +90.4% |
Summary: Homes in Wilderness Shores had an average of 47 days on market in Sep 2024, up by 90.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wilderness Shores are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 17 homes were sold in Wilderness Shores; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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