24216 Housing Market Report February 2025•Wise County, Virginia

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Housing Prices in 24216, VA

How much do homes in 24216, VA cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$54,000$50/SqFt
-$1,450
-2.6%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 24216 has decreased by 2.6% since last year.

Summary: The median home list price in 24216 was $54,000 in February 2025, down 2.6% from the previous year, and the median price per square foot was $50.

Median List Price By Zip Codes

Median List Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
24273
+23.1%
24216
-2.6%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$53K$51.5K
-2.8%
3$55.9K$69.9K
+25.0%
4$77.4K$88.5K
+14.3%
5$48.5K$36K
-25.8%

Summary: 24216 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -2.8%. The home price for 3 bedroom homes increased by +25.0%. The home price for 4 bedroom homes increased by +14.3%. The home price for 5 bedroom homes decreased by -25.8%.

How does 24216, VA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

24216, VA

Housing supply in 24216, VA

How many homes are available in 24216, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
9Last MonthFeb 2025
72 months agoJan 2025
+28.6 %
Change MoMJan – Feb

Summary: The 24216 real estate market had 9 homes for sale in Feb 2025, a 28.6 % increase compared to Jan 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
400
0.0%
100
0.0%
223
+50.0%
334
+33.3%
522
0.0%

Summary: 24216 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 4 bedroom homes remained the same. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes remained the same.

Days on Market for 24216, VA

How long does it take to sell a home in 24216, VA?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
160 DaysThis YearFeb 2025
182 Days1 year agoFeb 2024
-12.1 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 24216 had an average listing age of 160 days in Feb 2025, down by 12.1% compared to the previous year.

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Newest Listings in 24216, VA

What homes are available in 24216, VA?

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MLS Disclaimers and Copyright

Based on information from Tennessee Virginia Regional MLS, and East Tennessee REALTORS® MLS for the period 03/01/2023 - 03/01/2025

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. 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. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2025 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 12:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX 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.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2025 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 12:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.