Is Snow 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, Snow Creek was a Seller's Market.
Key Takeaway
Snow Creek is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Snow Creek, VA
How much do homes in Snow Creek, VA cost?
Median Sold Price
$222,487
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Snow Creek have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Snow Creek was $222,487 in March 2024, down 5.3% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $147.5K | $199.9K | +35.6% |
| 3 Bedrooms | $229K | $219.9K | -4.0% |
| 4 Bedrooms | $373.5K | $213.5K | -42.8% |
| 5+ Bedrooms | $402.4K | $369.4K | -8.2% |
Summary: Snow Creek housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.6%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 42.8%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Penhook | $612.5K | $955K | +55.9% |
| Union Hall | $595K | $604K | +1.5% |
| Snow Creek | $235K | $222.4K | -5.3% |
Housing Supply in Snow Creek, VA
How many homes are available in Snow Creek, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The Snow Creek real estate market had 18 homes for sale in March 2024, a 38.5% 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 | 1 | 0.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Snow Creek 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Snow Creek, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Snow Creek in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Snow Creek, VA
We’re sorry, we don't have information for this market at the moment
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.