Is Boones Mill, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Boones Mill has remained a Seller's Market.
Housing Prices in Boones Mill, VA
How much do homes in Boones Mill, VA cost?
Median Sold Price
$280,000
$167/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Boones Mill was $280,000 in March 2024, down 10.3% from last month, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $300K | $280K | -6.7% |
4 Bedrooms | $381K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Boones Mill housing prices by bedroom type for March 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 6.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Boones Mill, VA
How many homes are available in Boones Mill, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Summary: The Boones Mill real estate market had 19 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Boones Mill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Boones Mill in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Boones Mill, VA
We’re sorry, we don't have information for this market at the moment