Is Piney Mountain, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Piney Mountain has remained a Seller's Market.
Housing Prices in Piney Mountain, VA
How much do homes in Piney Mountain, VA cost?
Median Sold Price
$289,900
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Piney Mountain was $289,900 in May 2024, up 1.9% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $355K | $112.2K | -68.4% |
3 Bedrooms | $259.9K | $303.4K | +16.8% |
4 Bedrooms | $254.9K | $295K | +15.7% |
5+ Bedrooms | $625K | - | N/A |
Summary: Piney Mountain housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 68.4%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Courthouse | $220K | $250K | +13.6% |
Appomattox | $265.7K | $285K | +7.3% |
Wreck Island | $306K | $319.9K | +4.5% |
Piney Mountain | $284.4K | $289.9K | +1.9% |
Housing Supply in Piney Mountain, VA
How many homes are available in Piney Mountain, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Summary: The Piney Mountain real estate market had 13 homes for sale in May 2024, a 62.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 4 | 9 | +125.0% |
4 Bedrooms | 0 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Piney Mountain housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 125%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Piney Mountain in May 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Piney Mountain, VA
How long does it take to sell a home in Piney Mountain, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 26 Days | -35.8% |
Summary: Homes in Piney Mountain had an average of 26 days on market in May 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Piney Mountain; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.