Is Scott 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, Scott County has remained a Seller's Market.
Key Takeaway
Scott County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scott County, VA
How much do homes in Scott County, VA cost?
Median Sold Price
$174,450
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Scott County have sold for 9% more than they did a year ago.
Summary: The median home sold price in Scott County was $174,450 in April 2024, up 9% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $201.1K | +209.4% |
| 2 Bedrooms | $108K | $132.5K | +22.7% |
| 3 Bedrooms | $170K | $175K | +2.9% |
| 4 Bedrooms | $220K | $224K | +1.8% |
| 5+ Bedrooms | $148.5K | $440.9K | +197.0% |
Summary: Scott County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 209.4%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 197%.
Median Sold Price Compared To Nearby Counties
| Lee County | $120K | $132K | +10.0% |
| Scott County | $160K | $174.4K | +9.0% |
| Hawkins County | $226K | $244.7K | +8.3% |
| Sullivan County | $242.1K | $257.7K | +6.5% |
| Wise County | $135.6K | $139K | +2.5% |
Housing Supply in Scott County, VA
How many homes are available in Scott County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 71 | +29.1% |
Summary: The Scott County real estate market had 71 homes for sale in April 2024, a 29.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 37 | 47 | +27.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Scott County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scott County, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Scott County in April 2024, up by 85.7% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Scott County, VA
How long does it take to sell a home in Scott County, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 118 Days | 87 Days | -25.8% |
Summary: Homes in Scott County had an average of 87 days on market in Apr 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Scott County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 13 homes were sold in Scott County; 8% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.