Is Lee County, 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, Lee County has remained a Seller's Market.
Housing Prices in Lee County, VA
How much do homes in Lee County, VA cost?
Median Sold Price
$132,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lee County was $132,000 in April 2024, up 10% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66K | $75K | +13.6% |
2 Bedrooms | $87.5K | $67.5K | -22.9% |
3 Bedrooms | $110.5K | $145K | +31.2% |
4 Bedrooms | $156K | $180K | +15.4% |
5+ Bedrooms | $345K | $196K | -43.2% |
Summary: Lee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes decreased by 22.9%, 3 bedroom homes increased by 31.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 43.2%.
Median Sold Price Compared To Nearby Counties
Lee County | $120K | $132K | +10.0% |
Scott County | $160K | $174.4K | +9.0% |
Bell County | $125K | $129K | +3.2% |
Wise County | $135.6K | $139K | +2.5% |
Housing Supply in Lee County, VA
How many homes are available in Lee County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 65 | -12.2% |
Summary: The Lee County real estate market had 65 homes for sale in April 2024, a 12.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 40 | 38 | -5.0% |
4 Bedrooms | 14 | 11 | -21.4% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Lee County 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 decreased by 16.7%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Lee County in April 2024, the same as the previous month. Of the 14 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Lee County, VA
How long does it take to sell a home in Lee County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
88 Days | 105 Days | +20.0% |
Summary: Homes in Lee County had an average of 105 days on market in Apr 2024, up by 20% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Lee County; 21% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.