Is Snow Creek, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$230,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Snow Creek have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Snow Creek was $230,000 in June 2024, down 1.5% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $31.1K | N/A |
| 2 Bedrooms | $160K | $224.9K | +40.6% |
| 3 Bedrooms | $229K | $232.5K | +1.5% |
| 4 Bedrooms | $361K | $213.5K | -40.9% |
| 5+ Bedrooms | $409.4K | $349.9K | -14.5% |
Summary: Snow Creek housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 40.9%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Penhook | $620K | $1.0M | +65.3% |
| Glade Hill | $237.5K | $329.7K | +38.8% |
| Snow Creek | $233.5K | $230K | -1.5% |
| Reed Creek | $210K | $206.7K | -1.5% |
| Union Hall | $620K | $577.7K | -6.8% |
Housing Supply in Snow Creek, VA
How many homes are available in Snow Creek, VA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Summary: The Snow Creek real estate market had 20 homes for sale in June 2024, a 42.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 17 | +70.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Snow Creek housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 70%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Snow Creek, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Snow Creek in June 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% 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.