$3,978 Closing Credit*
$335,000
1,578 SqFt
3 Beds
•2 Full Baths
Kristi D Cooper, Listing Office: Realty ONE Group Old Towne
Is Gainesboro, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Gainesboro was a Neutral Market.
Key Takeaway
Gainesboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gainesboro, VA
How much do homes in Gainesboro, VA cost?
Median Sold Price
$425,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$36,000(+9.3%)
Key Takeaway
Homes in Gainesboro have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Gainesboro was $425,000 in September 2024, up 9.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $272.5K | -13.5% |
| 2 Bedrooms | $357K | $341K | -4.5% |
| 3 Bedrooms | $340K | $395K | +16.2% |
| 4 Bedrooms | $435K | $549.9K | +26.4% |
| 5+ Bedrooms | $660K | $667.5K | +1.1% |
Summary: Gainesboro housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Bloomery | $220K | $281.8K | +28.1% |
| Gainesboro | $389K | $425K | +9.3% |
| Winchester | $360K | $388.9K | +8.0% |
| Cross Junction | $380K | $395K | +3.9% |
Housing Supply in Gainesboro, VA
How many homes are available in Gainesboro, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 56 | 62 | +10.7% |
Summary: The Gainesboro real estate market had 62 homes for sale in September 2024, a 10.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 31 | 35 | +12.9% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Gainesboro housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gainesboro, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Gainesboro in September 2024, the same as the previous month. Of the 12 sold homes, 42% were sold under asking, 50% were sold at asking, and 8% were sold over asking.
Days on Market for Gainesboro, VA
How long does it take to sell a home in Gainesboro, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 39 Days | 36 Days | -6.2% |
Summary: Homes in Gainesboro had an average of 36 days on market in Sep 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gainesboro are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 12 homes were sold in Gainesboro; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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