Is Wythe, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wythe is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Wythe has remained a Seller's Market.

Key Takeaway

Wythe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wythe, VA

How much do homes in Wythe, VA cost?

Median Sold Price

$291,662

$189/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$38,662(+15.3%)

Key Takeaway

Homes in Wythe have sold for 15.3% more than they did a month ago.

Summary: The median home sold price in Wythe was $291,662 in November 2024, up 15.3% from last month, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $253K$228.4K
-9.7%
4 -$354.9K
N/A
5+ --
N/A

Summary: Wythe housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 9.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Wythe
+15.3%
Greater Wythe
+15.3%

Housing Supply in Wythe, VA

How many homes are available in Wythe, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
148144-2.7%

Summary: The Wythe real estate market had 144 homes for sale in November 2024, a 2.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 2223
+4.5%
3 8477
-8.3%
4 3436
+5.9%
5+ 78
+14.3%

Summary: The Wythe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2529+16.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wythe, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Wythe in November 2024, up by 16.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Wythe, VA

How long does it take to sell a home in Wythe, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
55 Days25 Days-54.1%

Summary: Homes in Wythe had an average of 25 days on market in Nov 2024, down by 54.1% compared to last month.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wythe are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 29 homes were sold in Wythe; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Wythe, VA

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