$4,155 Closing Credit*
$349,900
1,490 SqFt
3 Beds
•2 Full Baths
Michelle Ford, Listing Office: Century 21 ALL-SERVICE-APP
Is Wreck Island, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Wreck Island has remained a Seller's Market.
Key Takeaway
Wreck Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wreck Island, VA
How much do homes in Wreck Island, VA cost?
Median Sold Price
$319,900
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$10,400(+3.4%)
Key Takeaway
Homes in Wreck Island have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Wreck Island was $319,900 in August 2024, up 3.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $425K | -10.5% |
| 2 Bedrooms | $237.5K | $364.5K | +53.5% |
| 3 Bedrooms | $308K | $300K | -2.6% |
| 4 Bedrooms | $349.4K | $345K | -1.3% |
| 5+ Bedrooms | $250K | $649.9K | +160.0% |
Summary: Wreck Island housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 53.5%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 160%.
Median Sold Price Compared To Nearby Cities
| Courthouse | $220K | $250K | +13.6% |
| Appomattox | $270K | $286.2K | +6.0% |
| Wreck Island | $309.5K | $319.9K | +3.4% |
| Piney Mountain | $286.5K | $293.5K | +2.4% |
| Spout Spring | $298.4K | $296K | -0.8% |
Housing Supply in Wreck Island, VA
How many homes are available in Wreck Island, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Wreck Island real estate market had 18 homes for sale in August 2024, a 12.5% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wreck Island housing inventory by bedroom type for August 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 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 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 Wreck Island, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Wreck Island in August 2024, up by 33.3% 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 Wreck Island, VA
How long does it take to sell a home in Wreck Island, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 12 Days | 29 Days | +143.8% |
Summary: Homes in Wreck Island had an average of 29 days on market in Aug 2024, up by 143.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wreck Island are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 4 homes were sold in Wreck Island; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
