Backup offers
$3,741 Closing Credit¹
#93361, Ashlynn Roberts, Listing Office: Alex Lineberry Team of Keller Williams Roanoke
Old Town Housing Market Report January 2025•Grayson County, Virginia
Housing Prices in Old Town, VA
How much do homes in Old Town, VA cost?
Housing Market Conditions
Is Old Town, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Old Town is a Seller's Market
Difference Since January 2024
Since last year, Old Town has remained a Seller's Market.
Insight
Old Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$225,000$149/SqFt
+$25,000
+12.5%
Based on all homes sold in the last 12 months
Insight
Homes in Old Town have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Old Town was $225,000 in January 2025, up 12.5% from last year, and the median price per square foot was $149.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Providence | $150K | $172K | +14.7% |
| Old Town | $200K | $225K | +12.5% |
| Galax | $180K | $188.5K | +4.7% |
| Galax | $180K | $186.5K | +3.6% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $450K | - | N/A |
| 22 Bedrooms | $155K | $158K | +1.9% |
| 33 Bedrooms | $202.4K | $212K | +4.7% |
| 55+ Bedrooms | $295K | $419.9K | +42.4% |
| 44 Bedrooms | $240K | $307.5K | +28.1% |
Summary: Old Town housing price by bedroom type for January 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 +1.9%. The home price for 3 bedroom homes increased by +4.7%. The home price for 5 bedroom homes increased by +42.4%. The home price for 4 bedroom homes increased by +28.1%.
Housing supply in Old Town, VA
How many homes are available in Old Town, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthJan 2025 | ||
| 52 months agoDec 2024 | -60.0 % Change MoMDec – Jan |
Summary: The Old Town real estate market had 2 homes for sale in Jan 2025, a 60.0 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1Last MonthJan 2025 | ||
| 32 months agoDec 2024 | -66.7 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 1 | 1 | 0.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
| 44 Bedrooms | 3 | 0 | -100.0% |
Summary: Old Town housing inventory by bedroom type for January 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 remained the same. The inventory for 5 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -100.0%.
Asking Price vs. Sold Price
How much do homes in Old Town, VA cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Old Town, 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 Old Town in January 2025, down by 66.7% 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 Old Town, VA
How long does it take to sell a home in Old Town, VA?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in Old Town has remained consistent over time.
Summary: During January 2025, 1 homes were sold in Old Town; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 73 DaysThis YearJan 2025 | ||
| 57 Days1 year agoJan 2024 | +28.1 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Old Town had an average listing age of 73 days in Jan 2025, up by 28.1% compared to the previous year.
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Newest Listings in Old Town, VA
What homes are available in Old Town, VA?
3D tour
$6,686 Closing Credit¹
#1163804, Maggie Cockerham, Listing Office: Rogers Realty & Auction Co., Inc.
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MLS Disclaimers and Copyright
Based on information from Triad MLS Inc, and Southwest Virginia Association of REALTORS® MLS for the period 02/01/2023 - 02/01/2025
Copyright © 2025 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 7:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 2/7/2025, 7:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 7:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.