#98534, Michael Thomas, Listing Office: BHHS- Mountain Sky Properties, Wytheville
West Wytheville Housing Market Report January 2025•Wythe County, Virginia
Housing Prices in West Wytheville, VA
How much do homes in West Wytheville, VA cost?
Housing Market Conditions
Is West Wytheville, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
West Wytheville is a Seller's Market
Difference Since January 2024
Since last year, West Wytheville has remained a Seller's Market.
West Wytheville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in West Wytheville have sold for 2% more than they did a year ago.
Summary: The median home sold price in West Wytheville was $256,500 in January 2025, up 2% from last year, and the median price per square foot was $163.
Median Sold Price By City
City | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
East Wytheville | $187.4K | $212.5K | +13.4% |
Wytheville | $195K | $218K | +11.8% |
Black Lick | $199K | $222.5K | +11.8% |
West Wytheville | $251.5K | $256.5K | +2.0% |
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $183K | $37.6K | -79.4% |
22 Bedrooms | $156K | $165K | +5.8% |
33 Bedrooms | $247.2K | $255K | +3.1% |
44 Bedrooms | $328.5K | $328.7K | 0.1% |
55+ Bedrooms | $255K | $390K | +52.9% |
Summary: West Wytheville housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -79.4%. The home price for 2 bedroom homes increased by +5.8%. The home price for 3 bedroom homes increased by +3.1%. The home price for 4 bedroom homes increased by 0.1%. The home price for 5 bedroom homes increased by +52.9%.
Housing supply in West Wytheville, VA
How many homes are available in West Wytheville, VA?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
9Last MonthJan 2025 | ||
102 months agoDec 2024 | -10.0 % Change MoMDec – Jan |
Summary: The West Wytheville real estate market had 9 homes for sale in Jan 2025, a 10.0 % decrease compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
4Last MonthJan 2025 | ||
52 months agoDec 2024 | -20.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 4 | 3 | -25.0% |
33 Bedrooms | 3 | 4 | +33.3% |
44 Bedrooms | 2 | 1 | -50.0% |
55+ Bedrooms | 1 | 1 | 0.0% |
Summary: West Wytheville 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 decreased by -25.0%. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes decreased by -50.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in West Wytheville, VA cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price2 Homes
If you're buying a home in West Wytheville, 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 West Wytheville in January 2025, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and and 25% were sold over asking.
Days on Market for West Wytheville, VA
How long does it take to sell a home in West Wytheville, VA?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days3 Homes
Most homes in West Wytheville are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During January 2025, 4 homes were sold in West Wytheville; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
151 DaysThis YearJan 2025 | ||
58 Days1 year agoJan 2024 | +160.8 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in West Wytheville had an average listing age of 151 days in Jan 2025, up by 160.8% compared to the previous year.
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Newest Listings in West Wytheville, VA
What homes are available in West Wytheville, VA?
Nearby markets
Nearby markets aren't available for West Wytheville, VA
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MLS Disclaimers and Copyright
Based on information from Southwest Virginia Association of REALTORS® MLS, and Tennessee Virginia Regional MLS for the period 02/01/2023 - 02/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 11:15:59 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: 2/8/2025, 11:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.