$5,344 Closing Credit*
$450,000
1,680 SqFt
4 Beds
•2 Full Baths
#9974123, Connie Cook, Listing Office: Prestige Homes of the Tri Cities, Inc.
Is Wilson, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$304,500
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,500(+6.8%)
Key Takeaway
Homes in Wilson have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Wilson was $304,500 in November 2024, up 6.8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.5K | $180K | -6.5% |
| 3 Bedrooms | $243.5K | $272.5K | +11.9% |
| 4 Bedrooms | $347.5K | $400K | +15.1% |
| 5+ Bedrooms | $630K | $447.5K | -29.0% |
Summary: Wilson 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 6.5%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 15.1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Summary: The Wilson real estate market had 33 homes for sale in November 2024, a 10.0% increase 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 | 5 | +66.7% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Wilson 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were 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 November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 114 Days | +59.3% |
Summary: Homes in Wilson had an average of 114 days on market in Nov 2024, up by 59.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Wilson are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in Wilson; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
