Is Wise County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Wise County was a Buyer's Market.
Housing Prices in Wise County, VA
How much do homes in Wise County, VA cost?
Median Sold Price
$139,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wise County was $139,000 in April 2024, up 2.5% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $14.5K | - | N/A |
2 Bedrooms | $83.7K | $80.6K | -3.7% |
3 Bedrooms | $128.5K | $129.9K | +1.1% |
4 Bedrooms | $189.5K | $195K | +2.9% |
5+ Bedrooms | $222K | $230K | +3.6% |
Summary: Wise County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Counties
Scott County | $160K | $174.4K | +9.0% |
Wise County | $135.6K | $139K | +2.5% |
Housing Supply in Wise County, VA
How many homes are available in Wise County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 88 | -10.2% |
Summary: The Wise County real estate market had 88 homes for sale in April 2024, a 10.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 54 | 52 | -3.7% |
4 Bedrooms | 23 | 19 | -17.4% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Wise County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 18 | -10.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Wise County in April 2024, down by 10.0% month-over-month. Of the 18 sold homes, 72% were sold under asking, 22% were sold at asking, and 6% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
139 Days | 115 Days | -17.1% |
Summary: Homes in Wise County had an average of 115 days on market in Apr 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Wise County; 11% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.