#9980475, Teresa Fannon, Listing Office: Fannon Land & Auction
Pennington Gap Housing Market Report April 2025•Lee County, Virginia
Housing Prices in Pennington Gap, VA
How much do homes in Pennington Gap, VA cost?
Housing Market Conditions
Is Pennington Gap, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Pennington Gap is a Neutral Market
Difference Since April 2024
Since last year, Pennington Gap has remained a Neutral Market.
Pennington Gap is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Pennington Gap have sold for 58.5% more than they did a year ago.
Summary: The median home sold price in Pennington Gap was $158,500 in April 2025, up 58.5% from last year, and the median price per square foot was $88.
Median Sold Price By Bedrooms
Beds | Apr 2024 | Apr 2025 | Change YoY |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | $65K | $82.5K | +26.9% |
33 Bedrooms | $121K | $127K | +5.0% |
44 Bedrooms | $180K | $190K | +5.6% |
55+ Bedrooms | $196K | $177.5K | -9.4% |
Summary: Pennington Gap housing price by bedroom type for April 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 +26.9%. The home price for 3 bedroom homes increased by +5.0%. The home price for 4 bedroom homes increased by +5.6%. The home price for 5 bedroom homes decreased by -9.4%.
How does Pennington Gap, VA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Pennington Gap, VA
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 |
---|---|---|
25Last MonthApr 2025 | ||
222 months agoMar 2025 | +13.6 % Change MoMMar – Apr |
Summary: The Pennington Gap real estate market had 25 homes for sale in Apr 2025, a 13.6 % increase compared to Mar 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
4Last MonthApr 2025 | ||
42 months agoMar 2025 | 0.0 % Change MoMMar – Apr |
Homes For Sale By Bedroom Count
Beds | Mar 2025 | Apr 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 1 | +100.0% |
22 Bedrooms | 3 | 3 | 0.0% |
33 Bedrooms | 13 | 12 | -7.7% |
44 Bedrooms | 6 | 9 | +50.0% |
55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Pennington Gap housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -7.7%. The inventory for 4 bedroom homes increased by +50.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Pennington Gap, VA cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price2 Homes
If you're buying a home in Pennington Gap, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Pennington Gap in April 2025, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% were sold over asking.
Days on Market for Pennington Gap, VA
How long does it take to sell a home in Pennington Gap, VA?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days2 Homes
Over 90 Days2 Homes
Avg time on Rocket Homes in Pennington Gap has remained consistent over time.
Summary: During April 2025, 4 homes were sold in Pennington Gap; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
83 DaysThis YearApr 2025 | ||
168 Days1 year agoApr 2024 | -50.3 % Change YoYApr 2024 – Apr 2025 |
Summary: Homes in Pennington Gap had an average listing age of 83 days in Apr 2025, down by 50.3% compared to the previous year.
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Newest Listings in Pennington Gap, VA
What homes are available in Pennington Gap, VA?
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 05/01/2023 - 05/01/2025
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: 5/29/2025, 12:50:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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: 5/29/2025, 12:50:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.