Is Boone, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Boone was a Seller's Market.
Housing Prices in Boone, VA
How much do homes in Boone, VA cost?
Median Sold Price
$305,900
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Boone was $305,900 in February 2024, up 4.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $228.7K | $222.4K | -2.8% |
3 Bedrooms | $277.5K | $300K | +8.1% |
4 Bedrooms | $345.7K | $336K | -2.8% |
5+ Bedrooms | $327K | $390.5K | +19.4% |
Summary: Boone housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Cities
Boones Mill | $231.5K | $318K | +37.4% |
Hardy | $352K | $410.9K | +16.8% |
Boone | $293K | $305.9K | +4.4% |
Cave Spring | $315K | $317.7K | +0.9% |
Gills Creek | $597.2K | $480K | -19.6% |
Housing Supply in Boone, VA
How many homes are available in Boone, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
31 | 36 | +16.1% |
Summary: The Boone real estate market had 36 homes for sale in February 2024, a 16.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Boone housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Boone in February 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Boone, VA
We’re sorry, we don't have information for this market at the moment