Is Wise County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Wise County was a Buyer's Market.
Key Takeaway
Wise County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wise County, VA
How much do homes in Wise County, VA cost?
Median Sold Price
$139,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wise County have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Wise County was $139,000 in April 2024, up 2.5% 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 | $14.5K | - | N/A |
| 2 Bedrooms | $83.7K | $80.6K | -3.7% |
| 3 Bedrooms | $128.5K | $129.9K | +1.1% |
| 4 Bedrooms | $189.5K | $195K | +2.9% |
| 5+ Bedrooms | $222K | $230K | +3.6% |
Summary: Wise County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Counties
| Scott County | $160K | $174.4K | +9.0% |
| Wise County | $135.6K | $139K | +2.5% |
Housing Supply in Wise County, VA
How many homes are available in Wise County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 98 | 88 | -10.2% |
Summary: The Wise County real estate market had 88 homes for sale in April 2024, a 10.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 54 | 52 | -3.7% |
| 4 Bedrooms | 23 | 19 | -17.4% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Wise 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 14.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wise County, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Wise County in April 2024, down by 10.0% month-over-month. Of the 18 sold homes, 72% were sold under asking, 22% were sold at asking, and 6% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 139 Days | 115 Days | -17.1% |
Summary: Homes in Wise County had an average of 115 days on market in Apr 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wise County has remained consistent over time.
Summary: During April 2024, 18 homes were sold in Wise County; 11% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 28% 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. 
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.