Is Wise, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Wise was a Seller's Market.
Housing Prices in Wise, VA
How much do homes in Wise, VA cost?
Median Sold Price
$168,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Wise was $168,000 in February 2024, down 10.9% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $104.5K | $72.6K | -30.5% |
3 Bedrooms | $136K | $169K | +24.3% |
4 Bedrooms | $239K | $202.5K | -15.3% |
5+ Bedrooms | $290.5K | $349K | +20.1% |
Summary: Wise housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.5%, 3 bedroom homes increased by 24.3%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes increased by 20.1%.
Median Sold Price Compared To Nearby Cities
Norton | $140K | $139K | -0.7% |
Wise | $188.5K | $168K | -10.9% |
Housing Supply in Wise, VA
How many homes are available in Wise, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 31 | +29.2% |
Summary: The Wise real estate market had 31 homes for sale in February 2024, a 29.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 11 | 16 | +45.5% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wise housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Wise in February 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Wise, VA
How long does it take to sell a home in Wise, VA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
56 Days | 90 Days | +58.4% |
Summary: Homes in Wise had an average of 90 days on market in Feb 2024, up by 58.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Wise; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.