Is Wilson, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wilson has remained a Seller's Market.
Key Takeaway
Wilson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wilson, VA
How much do homes in Wilson, VA cost?
Median Sold Price
$315,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wilson have sold for 23.5% more than they did a year ago.
Summary: The median home sold price in Wilson was $315,000 in April 2024, up 23.5% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.5K | $222K | +15.3% |
| 3 Bedrooms | $242K | $279K | +15.3% |
| 4 Bedrooms | $447.5K | $339.9K | -24.0% |
| 5+ Bedrooms | $464.7K | $662K | +42.4% |
Summary: Wilson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes increased by 42.4%.
Housing Supply in Wilson, VA
How many homes are available in Wilson, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The Wilson real estate market had 17 homes for sale in April 2024, a 15.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Wilson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilson, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Wilson in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Wilson, VA
How long does it take to sell a home in Wilson, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 111 Days | 89 Days | -20.3% |
Summary: Homes in Wilson had an average of 89 days on market in Apr 2024, down by 20.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Wilson are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 4 homes were sold in Wilson; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
