$1,983 Closing Credit*
$167,000
1,456 SqFt
3 Beds
•2 Full Baths
#9974491, Christine Gibson, Listing Office: Uptown Properties
Is Wise 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, Wise County was a Seller's Market.
Key Takeaway
Wise County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wise County, VA
How much do homes in Wise County, VA cost?
Median Sold Price
$151,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,000(+12.7%)
Key Takeaway
Homes in Wise County have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Wise County was $151,000 in November 2024, up 12.7% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $14.5K | - | N/A |
| 2 Bedrooms | $74.5K | $91.5K | +22.8% |
| 3 Bedrooms | $126.5K | $150K | +18.6% |
| 4 Bedrooms | $190K | $210K | +10.5% |
| 5+ Bedrooms | $220K | $201.1K | -8.6% |
Summary: Wise 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 22.8%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Counties
| Dickenson County | $109.5K | $158.5K | +44.7% |
| Scott County | $157K | $195K | +24.2% |
| Wise County | $134K | $151K | +12.7% |
| Russell County | $175K | $169K | -3.4% |
Housing Supply in Wise County, VA
How many homes are available in Wise County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 109 | +3.8% |
Summary: The Wise County real estate market had 109 homes for sale in November 2024, a 3.8% 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 | 16 | 15 | -6.3% |
| 3 Bedrooms | 59 | 63 | +6.8% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The Wise County 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 6.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wise County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Wise County in November 2024, down by 28.6% month-over-month. Of the 10 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Wise County, VA
How long does it take to sell a home in Wise County, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 111 Days | 73 Days | -34.1% |
Summary: Homes in Wise County had an average of 73 days on market in Nov 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wise County has remained consistent over time.
Summary: During November 2024, 10 homes were sold in Wise County; 0% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 30% 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.