#9982785, Robin Dotson, Listing office: Ridgeview Real Estate
Wise Housing Market Report June 2025•Wise County, Virginia
Housing Prices in Wise, VA
How much do homes in Wise, VA cost?
Housing Market Conditions
Is Wise, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Wise is a Seller's Market
Difference Since June 2024
Since last year, Wise has remained a Seller's Market.
Wise 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 Wise have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in Wise was $164,500 in June 2025, down 8.1% from last year, and the median price per square foot was $98.
Median Sold Price By Cities
City | Jun 2024 | Jun 2025 | Change YoY |
---|---|---|---|
Norton | $137.3K | $163K | +18.7% |
Wise | $179K | $164.5K | -8.1% |
Median Sold Price By Bedrooms
Beds | Jun 2024 | Jun 2025 | Change YoY |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | $120K | $72.6K | -39.5% |
33 Bedrooms | $200K | $157K | -21.5% |
44 Bedrooms | $190.5K | $247.8K | +30.1% |
55+ Bedrooms | - | $275K | N/A |
Summary: Wise housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -39.5%. The home price for 3 bedroom homes decreased by -21.5%. The home price for 4 bedroom homes increased by +30.1%. The home price for 5 bedroom homes did not change.
How does Wise, VA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Wise, VA
Housing supply in Wise, VA
How many homes are available in Wise, VA?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
28Last MonthJun 2025 | ||
292 months agoMay 2025 | -3.4 % Change MoMMay – Jun |
Summary: The Wise real estate market had 28 homes for sale in Jun 2025, a 3.4 % decrease compared to May 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
5Last MonthJun 2025 | ||
92 months agoMay 2025 | -44.4 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
Beds | May 2025 | Jun 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 3 | 3 | 0.0% |
33 Bedrooms | 20 | 21 | +5.0% |
44 Bedrooms | 6 | 4 | -33.3% |
55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Wise housing inventory by bedroom type for June 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 increased by +5.0%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Wise, VA cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price4 Homes
If you're buying a home in Wise, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Wise in June 2025, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and and 20% were sold over asking.
Days on Market for Wise, VA
How long does it take to sell a home in Wise, VA?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days1 Home
Over 90 Days2 Homes
Many homes in Wise are selling fast, if you're buying plan to act quickly.
Summary: During June 2025, 5 homes were sold in Wise; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
120 DaysThis YearJun 2025 | ||
82 Days1 year agoJun 2024 | +45.9 % Change YoYJun 2024 – Jun 2025 |
Summary: Homes in Wise had an average listing age of 120 days in Jun 2025, up by 45.9% compared to the previous year.
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Newest Listings in Wise, VA
What homes are available in Wise, VA?
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MLS Disclaimers and Copyright
Based on information from Tennessee Virginia Regional MLS, for the period 07/01/2023 - 07/01/2025
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: 7/9/2025, 12:50:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.