New - 4 days on Rocket
$1,900 Closing Credit¹
#9976962, Noelle Owens, Listing Office: Ridgeview Real Estate
Big Stone Gap Housing Market Report February 2025•Wise County, Virginia
Housing Prices in Big Stone Gap, VA
How much do homes in Big Stone Gap, VA cost?
Housing Market Conditions
Is Big Stone Gap, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Big Stone Gap is a Buyer's Market
Difference Since February 2024
Since last year, Big Stone Gap has remained a Buyer's Market.
Insight
Big Stone Gap is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$207,500$104/SqFt
+$20,567
+11.0%
Based on all homes sold in the last 12 months
Insight
Homes in Big Stone Gap have sold for 11% more than they did a year ago.
Summary: The median home sold price in Big Stone Gap was $207,500 in February 2025, up 11% from last year, and the median price per square foot was $104.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $89K | $140K | +57.3% |
| 33 Bedrooms | $148.5K | $185K | +24.6% |
| 44 Bedrooms | $249.5K | $245.5K | -1.6% |
| 55+ Bedrooms | $298.8K | $407.5K | +36.4% |
Summary: Big Stone Gap 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 increased by +57.3%. The home price for 3 bedroom homes increased by +24.6%. The home price for 4 bedroom homes decreased by -1.6%. The home price for 5 bedroom homes increased by +36.4%.
Housing supply in Big Stone Gap, VA
How many homes are available in Big Stone Gap, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 26Last MonthFeb 2025 | ||
| 242 months agoJan 2025 | +8.3 % Change MoMJan – Feb |
Summary: The Big Stone Gap real estate market had 26 homes for sale in Feb 2025, a 8.3 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1Last MonthFeb 2025 | ||
| 22 months agoJan 2025 | -50.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 44 Bedrooms | 6 | 7 | +16.7% |
| 22 Bedrooms | 2 | 2 | 0.0% |
| 33 Bedrooms | 13 | 14 | +7.7% |
| 55+ Bedrooms | 3 | 3 | 0.0% |
Summary: Big Stone Gap housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +16.7%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +7.7%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Big Stone Gap, VA cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Big Stone Gap, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Big Stone Gap in February 2025, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Big Stone Gap, VA
How long does it take to sell a home in Big Stone Gap, VA?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days0 Home
Over 90 Days1 Home
Insight
Most homes in Big Stone Gap are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During February 2025, 1 homes were sold in Big Stone Gap; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 103 DaysThis YearFeb 2025 | ||
| 174 Days1 year agoFeb 2024 | -41.0 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Big Stone Gap had an average listing age of 103 days in Feb 2025, down by 41.0% compared to the previous year.
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Newest Listings in Big Stone Gap, VA
What homes are available in Big Stone Gap, VA?
New - 4 days on Rocket
$593 Closing Credit¹
#9976945, Brenda Hill, Listing Office: Appalachian Realty Executives, LLC
$2,078 Closing Credit¹
#9976738, Chloe Mooneyhan, Listing Office: REMAX Cavaliers
$1,532 Closing Credit¹
#9976694, Karla Osborne, David E. Wampler, Listing Office: Lonesome Pine Realty
$3,264 Closing Credit¹
#9976434, Virginia Roberts, Listing Office: Ridgeview Real Estate
$474 Closing Credit¹
#9975425, Brenda Hill, Listing Office: Appalachian Realty Executives, LLC
#9974778, Andrew Mallory, Listing Office: REMAX Cavaliers - Abingdon
$4,619 Closing Credit¹
#9974359, Amy Hubbard, Listing Office: Century 21 Bennett & Edwards
$3,793 Closing Credit¹
#9973956, Kimberly Wright, Listing Office: Lonesome Pine Realty
$5,641 Closing Credit¹
#9973811, Seth Jervis, Listing Office: eXp Realty, LLC
$2,136 Closing Credit¹
#9972924, Amy Johnson, Listing Office: Lonesome Pine Realty
$1,603 Closing Credit¹
#9972330, Brad Winebarger, Listing Office: Park Hill Realty Group, LLC
Nearby markets
Nearby markets aren't available for Big Stone Gap, VA
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MLS Disclaimers and Copyright
Based on information from Tennessee Virginia Regional 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: 3/12/2025, 12:50:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 3/12/2025, 12:50:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.