Is Washington 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, Washington County has remained a Seller's Market.
Key Takeaway
Washington County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington County, VA
How much do homes in Washington County, VA cost?
Median Sold Price
$279,600
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Washington County have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Washington County was $279,600 in April 2024, up 9.6% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $90K | +5.9% |
| 2 Bedrooms | $154K | $172K | +11.7% |
| 3 Bedrooms | $240K | $259K | +7.9% |
| 4 Bedrooms | $380K | $360K | -5.3% |
| 5+ Bedrooms | $492K | $555K | +12.8% |
Summary: Washington County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Counties
| Washington County | $255K | $279.6K | +9.6% |
| Sullivan County | $242.1K | $257.7K | +6.5% |
| Johnson County | $275K | $274.7K | -0.1% |
Housing Supply in Washington County, VA
How many homes are available in Washington County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 116 | 116 | 0.0% |
Summary: The Washington County real estate market had 116 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 58 | 61 | +5.2% |
| 4 Bedrooms | 32 | 30 | -6.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Washington 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 5.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 32 | +28.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington County, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Washington County in April 2024, up by 28.0% month-over-month. Of the 31 sold homes, 65% were sold under asking, 19% were sold at asking, and 16% were sold over asking.
Days on Market for Washington County, VA
How long does it take to sell a home in Washington County, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 75 Days | 100 Days | +33.3% |
Summary: Homes in Washington County had an average of 100 days on market in Apr 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Washington County has remained consistent over time.
Summary: During April 2024, 32 homes were sold in Washington County; 19% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
