Lead Mines Housing Market Report May 2025•Wythe County, Virginia

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Housing Prices in Lead Mines, VA

How much do homes in Lead Mines, VA cost?

Housing Market Conditions

Is Lead Mines, VA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lead Mines is a Seller's Market

Difference Since April 2025

Last month, Lead Mines has remained a Seller's Market.

Insight

Lead Mines is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$172,000$172/SqFt
+$41,750
+32.1%

Based on all homes sold in May 2025

Insight

Homes in Lead Mines have sold for 32.1% more than they did a month ago.

Summary: The median home sold price in Lead Mines was $172,000 in May 2025, up 32.1% from last month, and the median price per square foot was $172.

Median Sold Price By Cities

Median Sold Price By Cities
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 MoM
Lead Mines
+32.1%
Fort Chiswell
-17.2%
Max Meadows
-39.0%

Median Sold Price By Bedrooms

Median Sold 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.
BedsApr 2025May 2025Change MoM
1--
N/A
2-$172K
N/A
3$130.2K$187K
+43.6%
4--
N/A
5--
N/A

Summary: Lead Mines housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +43.6%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Lead Mines, VA compare with other places?

Market comparison tool

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

Lead Mines, VA

Housing supply in Lead Mines, VA

How many homes are available in Lead Mines, 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
8Last MonthMay 2025
92 months agoApr 2025
-11.1 %
Change MoMApr – May

Summary: The Lead Mines real estate market had 8 homes for sale in May 2025, a 11.1 % decrease compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthMay 2025
22 months agoApr 2025
+250.0 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
100
0.0%
233
0.0%
364
-33.3%
401
+100.0%
500
0.0%

Summary: Lead Mines housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Lead Mines, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price5 Homes

Insight

If you're buying a home in Lead Mines, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Lead Mines in May 2025, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and and 0% were sold over asking.

Days on Market for Lead Mines, VA

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days2 Homes

Over 90 Days3 Homes

Insight

Most homes in Lead Mines are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2025, 7 homes were sold in Lead Mines; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
98 DaysLast MonthMay 2025
162 Days1 month agoApr 2025
-39.2 %
Change MoMApr – May

Summary: Homes in Lead Mines had an average listing age of 98 days in May 2025, down by 39.2% compared to the previous month.

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Newest Listings in Lead Mines, VA

What homes are available in Lead Mines, VA?

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MLS Disclaimers and Copyright

Based on information from Southwest Virginia Association of REALTORS® MLS, for the period 04/01/2025 - 06/01/2025

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the SW VA Association of REALTORS® Multiple Listing Service. The SWVAR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is 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. Information herein is deemed reliable but not guaranteed, representations are approximate, individual verifications are recommended. Copyright 2025 Southwest Virginia 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: 6/3/2025, 7:15:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.