New - 20 hours on Rocket
$2,007 Closing Credit¹
#9976817, Sharon Shuler, Listing Office: Fannon Land & Auction
Pennington Gap Housing Market Report February 2025•Lee County, Virginia
Housing Prices in Pennington Gap, VA
How much do homes in Pennington Gap, VA cost?
Median List Price
$160,000$93/SqFt
+$20,050
+14.3%
Based on all homes listed in the last 12 months
Insight
The list price of homes in Pennington Gap has increased by 14.3% since last year.
Summary: The median home list price in Pennington Gap was $160,000 in February 2025, up 14.3% from the previous year, and the median price per square foot was $93.
Median List Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $69.9K | $87.4K | +25.1% |
| 33 Bedrooms | $114.7K | $139.9K | +21.9% |
| 44 Bedrooms | $197.4K | $199.9K | +1.2% |
| 55+ Bedrooms | $189K | $189K | 0.0% |
Summary: Pennington 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 +25.1%. The home price for 3 bedroom homes increased by +21.9%. The home price for 4 bedroom homes increased by +1.2%. The home price for 5 bedroom homes did not change.
Housing supply in Pennington Gap, VA
How many homes are available in Pennington Gap, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 19Last MonthFeb 2025 | ||
| 192 months agoJan 2025 | 0.0 % Change MoMJan – Feb |
Summary: The Pennington Gap real estate market had 19 homes for sale in Feb 2025, the same as Jan 2025
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 2 | -50.0% |
| 33 Bedrooms | 11 | 12 | +9.1% |
| 44 Bedrooms | 4 | 5 | +25.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Pennington 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 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes increased by +9.1%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes remained the same.
Days on Market for Pennington Gap, VA
How long does it take to sell a home in Pennington Gap, VA?
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 151 DaysThis YearFeb 2025 | ||
| 253 Days1 year agoFeb 2024 | -40.2 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Pennington Gap had an average listing age of 151 days in Feb 2025, down by 40.2% compared to the previous year.
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Newest Listings in Pennington Gap, VA
What homes are available in Pennington Gap, VA?
New - 7 days on Rocket
$2,316 Closing Credit¹
#9976506, Teresa Fannon, Listing Office: Fannon Land & Auction
New - 7 days on Rocket
$1,888 Closing Credit¹
#9976492, Karen Franks, Listing Office: Century 21 Bennett & Edwards
#1290723, Listing Office: Century 21 Virginia Wilder Real Estate
#9976188, Brenda Hill, Listing Office: Appalachian Realty Executives, LLC
$5,461 Closing Credit¹
#9975473, Rebecca Wilson, Listing Office: Evans & Evans Real Estate
$2,244 Closing Credit¹
#9974493, Edward Grindstaff, Listing Office: Integrity Property Group
$4,738 Closing Credit¹
#9973143, Tim Gardner, Listing Office: Century 21 Bennett & Edwards
$2,969 Closing Credit¹
#1278101, Listing Office: Century 21 Virginia Wilder Real Estate
$891 Closing Credit¹
#1277612, Listing Office: Century 21 Virginia Wilder Real Estate
$1,661 Closing Credit¹
#1272349, Listing Office: Century 21 Virginia Wilder Real Estate
$1,496 Closing Credit¹
#9968282, Tim Gardner, Listing Office: Century 21 Bennett & Edwards
Nearby markets
Nearby markets aren't available for Pennington Gap, 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: 3/5/2025, 11:50:55 PM 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: 3/5/2025, 11:50:55 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 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: 3/5/2025, 11:50:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.