Is Gills Creek, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Gills Creek was a Seller's Market.
Housing Prices in Gills Creek, VA
How much do homes in Gills Creek, VA cost?
Median Sold Price
$480,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gills Creek was $480,000 in March 2024, down 20% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.9K | $262.5K | +64.1% |
2 Bedrooms | $412.5K | $449.9K | +9.1% |
3 Bedrooms | $511.4K | $449K | -12.2% |
4 Bedrooms | $740K | $799.9K | +8.1% |
5+ Bedrooms | $1.3M | $1.1M | -12.6% |
Summary: Gills Creek housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.1%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 12.6%.
Median Sold Price Compared To Nearby Cities
Wirtz | $375K | $450K | +20.0% |
Hardy | $352K | $409.9K | +16.5% |
Boone | $296K | $304.2K | +2.8% |
Union Hall | $595K | $604K | +1.5% |
Gills Creek | $599.9K | $480K | -20.0% |
Housing Supply in Gills Creek, VA
How many homes are available in Gills Creek, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 113 | +43.0% |
Summary: The Gills Creek real estate market had 113 homes for sale in March 2024, a 43.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 36 | 54 | +50.0% |
4 Bedrooms | 19 | 31 | +63.2% |
5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Gills Creek housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 63.2%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Gills Creek in March 2024, the same as the previous month. Of the 16 sold homes, 94% were sold under asking, 0% were sold at asking, and 6% were sold over asking.
Days on Market for Gills Creek, VA
How long does it take to sell a home in Gills Creek, VA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Gills Creek; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.