$2,137 Closing Credit*
$179,999
1,404 SqFt
3 Beds
•2 Full Baths
#9973628, Brad Winebarger, Listing Office: Park Hill Realty Group, LLC
Is Wise County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$150,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,416(+15.8%)
Key Takeaway
Homes in Wise County have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in Wise County was $150,000 in October 2024, up 15.8% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $14.5K | - | N/A |
| 2 Bedrooms | $72.6K | $102.7K | +41.4% |
| 3 Bedrooms | $119.7K | $145K | +21.1% |
| 4 Bedrooms | $192.5K | $217.4K | +13.0% |
| 5+ Bedrooms | $220K | $151.3K | -31.2% |
Summary: Wise County 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 41.4%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 31.2%.
Median Sold Price Compared To Nearby Counties
| Wise County | $129.5K | $150K | +15.8% |
| Dickenson County | $120K | $138K | +15.0% |
| Scott County | $165K | $187K | +13.3% |
| Russell County | $170K | $175K | +2.9% |
Housing Supply in Wise County, VA
How many homes are available in Wise County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 106 | +2.9% |
Summary: The Wise County real estate market had 106 homes for sale in October 2024, a 2.9% 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 | 14 | 15 | +7.1% |
| 3 Bedrooms | 61 | 62 | +1.6% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Wise County 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 increased by 7.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 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. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Wise County in October 2024, down by 7.1% month-over-month. Of the 13 sold homes, 69% were sold under asking, 8% were sold at asking, and 23% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 78 Days | 63 Days | -19.4% |
Summary: Homes in Wise County had an average of 63 days on market in Oct 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
3 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 October 2024, 13 homes were sold in Wise County; 23% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 23% 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.