Is Vinton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Vinton has remained a Seller's Market.
Key Takeaway
Vinton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vinton, VA
How much do homes in Vinton, VA cost?
Median Sold Price
$285,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Vinton have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Vinton was $285,000 in May 2024, up 11.9% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | - | N/A |
| 2 Bedrooms | $200.8K | $192.7K | -4.0% |
| 3 Bedrooms | $245K | $264.9K | +8.2% |
| 4 Bedrooms | $319.9K | $325K | +1.6% |
| 5+ Bedrooms | $355K | $352.5K | -0.7% |
Summary: Vinton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Hardy | $356.5K | $413.5K | +16.0% |
| Vinton | $249K | $285K | +14.5% |
| Goodview | $300K | $342.1K | +14.1% |
| Vinton | $254.6K | $285K | +11.9% |
| Blue Ridge | $290K | $319.9K | +10.3% |
Housing Supply in Vinton, VA
How many homes are available in Vinton, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 91 | +13.8% |
Summary: The Vinton real estate market had 91 homes for sale in May 2024, a 13.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 31 | 35 | +12.9% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Vinton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vinton, you could pay more than the asking price. 44% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Vinton in May 2024, up by 25.0% month-over-month. Of the 25 sold homes, 24% were sold under asking, 32% were sold at asking, and 44% were sold over asking.
Days on Market for Vinton, VA
How long does it take to sell a home in Vinton, VA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vinton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in Vinton; 4% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.