$4,274 Closing Credit*
$359,900
1,500 SqFt
3 Beds
•2 Full Baths, 1 Partial
#9973650, Paige Scott, Listing Office: KW Bristol
Is Wilson, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Wilson has remained a Neutral Market.
Key Takeaway
Wilson 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 Wilson, VA
How much do homes in Wilson, VA cost?
Median Sold Price
$297,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+4.2%)
Key Takeaway
Homes in Wilson have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Wilson was $297,000 in October 2024, up 4.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.5K | $201K | +4.4% |
| 3 Bedrooms | $247.5K | $270K | +9.1% |
| 4 Bedrooms | $347.5K | $335K | -3.6% |
| 5+ Bedrooms | $630K | $447.5K | -29.0% |
Summary: Wilson housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 29%.
Housing Supply in Wilson, VA
How many homes are available in Wilson, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Summary: The Wilson real estate market had 31 homes for sale in October 2024, a 3.3% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Wilson 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 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 Wilson, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Wilson in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Wilson, VA
How long does it take to sell a home in Wilson, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 49 Days | -29.8% |
Summary: Homes in Wilson had an average of 49 days on market in Oct 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wilson are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Wilson; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
