Is Washington County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Washington County has remained a Seller's Market.
Housing Prices in Washington County, VA
How much do homes in Washington County, VA cost?
Median Sold Price
$275,500
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Washington County was $275,500 in March 2024, up 7.7% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $90K | +5.9% |
2 Bedrooms | $152K | $172K | +13.2% |
3 Bedrooms | $243.5K | $250K | +2.7% |
4 Bedrooms | $380K | $361.5K | -4.9% |
5+ Bedrooms | $471K | $557.5K | +18.4% |
Summary: Washington County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 18.4%.
Median Sold Price Compared To Nearby Counties
Russell County | $145K | $175K | +20.7% |
Sullivan County | $239.6K | $258.5K | +7.8% |
Washington County | $255.7K | $275.5K | +7.7% |
Johnson County | $270K | $274.5K | +1.7% |
Housing Supply in Washington County, VA
How many homes are available in Washington County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
101 | 113 | +11.9% |
Summary: The Washington County real estate market had 113 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 18 | +63.6% |
3 Bedrooms | 54 | 57 | +5.6% |
4 Bedrooms | 28 | 31 | +10.7% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Washington County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 63.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Washington County in March 2024, up by 50.0% month-over-month. Of the 24 sold homes, 71% were sold under asking, 13% were sold at asking, and 17% were sold over asking.
Days on Market for Washington County, VA
How long does it take to sell a home in Washington County, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 80 Days | -3.7% |
Summary: Homes in Washington County had an average of 80 days on market in Mar 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Washington County; 21% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.