Is Wise County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Wise County has remained a Seller's Market.
Housing Prices in Wise County, VA
How much do homes in Wise County, VA cost?
Median Sold Price
$135,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Wise County was $135,000 in February 2024, up 1% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $14.5K | - | N/A |
2 Bedrooms | $83.7K | $74K | -11.6% |
3 Bedrooms | $125K | $129.9K | +4.0% |
4 Bedrooms | $189K | $200K | +5.8% |
5+ Bedrooms | $225K | $184K | -18.2% |
Summary: Wise County 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 11.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 18.2%.
Median Sold Price Compared To Nearby Counties
Scott County | $164K | $168K | +2.4% |
Wise County | $133.6K | $135K | +1.0% |
Housing Supply in Wise County, VA
How many homes are available in Wise County, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
91 | 101 | +11.0% |
Summary: The Wise County real estate market had 101 homes for sale in February 2024, a 11.0% 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 | 15 | 15 | 0.0% |
3 Bedrooms | 51 | 57 | +11.8% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Wise County 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 11.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 21 | +133.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Wise County in February 2024, up by 133.3% month-over-month. Of the 21 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Wise County, VA
How long does it take to sell a home in Wise County, VA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
89 Days | 107 Days | +20.6% |
Summary: Homes in Wise County had an average of 107 days on market in Feb 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During February 2024, 21 homes were sold in Wise County; 5% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 52% of homes were sold over 90 days.