Is Appalachia, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Appalachia has remained a Seller's Market.
Housing Prices in Appalachia, VA
How much do homes in Appalachia, VA cost?
Median Sold Price
$50,000
$34/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Appalachia was $50,000 in March 2024, down 27.5% from last year, and the median price per square foot was $34.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $43.6K | $46K | +5.5% |
3 Bedrooms | $68K | $50.2K | -26.1% |
4 Bedrooms | $100K | $79.9K | -20.1% |
5+ Bedrooms | $121.5K | $25K | -79.4% |
Summary: Appalachia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 26.1%, 4 bedroom homes decreased by 20.1%, and 5+ bedroom homes decreased by 79.4%.
Housing Supply in Appalachia, VA
How many homes are available in Appalachia, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Summary: The Appalachia real estate market had 6 homes for sale in March 2024, a 40.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Appalachia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Appalachia in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Appalachia, VA
How long does it take to sell a home in Appalachia, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
99 Days | 210 Days | +110.9% |
Summary: Homes in Appalachia had an average of 210 days on market in Mar 2024, up by 110.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Appalachia; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.