Big Island Housing Market Report December 2024•Bedford County, Virginia

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Housing Prices in Big Island, VA

How much do homes in Big Island, 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.
$229,250$157/SqFt
+$14,250
+6.6%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Big Island has increased by 6.6% since last year.

Summary: The median home list price in Big Island was $229,250 in December 2024, up 6.6% from the previous year, and the median price per square foot was $157.

Median List Price By City

Median List Price By City
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
Natural Bridge
+28.3%
Monroe
+13.4%
Big Island
+6.6%

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.
BedsDec 2023Dec 2024Change YoY
1--
N/A
2$215K$162.5K
-24.4%
3$224.5K$179.9K
-19.9%
4$165K$249.9K
+51.5%
5$777.4K$1.3M
+70.4%

Summary: Big Island housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -24.4%. The home price for 3 bedroom homes decreased by -19.9%. The home price for 4 bedroom homes increased by +51.5%. The home price for 5 bedroom homes increased by +70.4%.

Housing supply in Big Island, VA

How many homes are available in Big Island, 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
4Last MonthDec 2024
32 months agoNov 2024
+33.3 %
Change MoMNov – Dec

Summary: The Big Island real estate market had 4 homes for sale in Dec 2024, a 33.3 % increase compared to Nov 2024.

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.
BedsNov 2024Dec 2024Change MoM
100
0.0%
212
+100.0%
322
0.0%
400
0.0%
500
0.0%

Summary: Big Island housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Days on Market for Big Island, VA

How long does it take to sell a home in Big Island, 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
83 DaysThis YearDec 2024
136 Days1 year agoDec 2023
-38.6 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Big Island had an average listing age of 83 days in Dec 2024, down by 38.6% compared to the previous year.

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Newest Listings in Big Island, VA

What homes are available in Big Island, VA?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Lynchburg MLS, and Roanoke Valley Association of Realtors MLS for the period 01/01/2023 - 01/01/2025

Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. Copyright 2025 Lynchburg Association of REALTORS®. 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: 2/1/2025, 1:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXAlthough the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.

All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The unauthorized retrieval or use of this listing data is prohibited.

All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 1:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.