Is Scott County, 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, Scott County was a Seller's Market.
Key Takeaway
Scott County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Scott County, VA
How much do homes in Scott County, VA cost?
Median Sold Price
$173,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Scott County have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Scott County was $173,000 in March 2024, up 8.1% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $201.1K | +209.4% |
| 2 Bedrooms | $105.8K | $130K | +22.8% |
| 3 Bedrooms | $170K | $175K | +2.9% |
| 4 Bedrooms | $225K | $244K | +8.4% |
| 5+ Bedrooms | $209.2K | $580K | +177.2% |
Summary: Scott County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 209.4%, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 177.2%.
Median Sold Price Compared To Nearby Counties
| Hawkins County | $224.8K | $244.9K | +8.9% |
| Scott County | $160K | $173K | +8.1% |
| Sullivan County | $239.6K | $258.5K | +7.8% |
| Lee County | $120K | $125K | +4.2% |
| Wise County | $139.1K | $134K | -3.7% |
Housing Supply in Scott County, VA
How many homes are available in Scott County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 51 | +4.1% |
Summary: The Scott County real estate market had 51 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Scott County 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 decreased by 33.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Scott County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Scott County in March 2024, down by 36.4% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Scott County, VA
How long does it take to sell a home in Scott County, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 72 Days | 89 Days | +24.2% |
Summary: Homes in Scott County had an average of 89 days on market in Mar 2024, up by 24.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Scott County has remained consistent over time.
Summary: During March 2024, 7 homes were sold in Scott County; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.