Lee County, VA Home Values & Market Trends

The median home price in Lee County, VA is $115,822.07. There were 271 home sales in Lee County, VA over the past 12 months. The median residential Lee County, VA home value for transactions over the previous year is $67,500. The number of current listings in Lee County, VA is 26, and the percentage of properties for sale is 26.00%. The county has 3 foreclosures, 2 bank owned properties, 1 headed for auction, and 26 properties for sale.

Lee County, VA Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Pennington Gap

$ 199,512

$ 100/sqft

Keokee

$ 164,000

$ 128/sqft

Jonesville

$ 149,500

$ 119/sqft

Dryden

$ 89,950

$ 81/sqft

Blackwater

$ 141,554

$ 116/sqft

Saint Charles

$ --

$ --

Ewing

$ 549,934

$ 136/sqft

Rose Hill

$ --

$ --

Housing Market Summary for Lee County, VA

Apr 2023March 2024Change
Median Listing Price$185K$97,546-47.27%
Median Sold Price$84,564$97,54615.35%
Homes For Sale2923-20.69%
Homes Sold9916061.62%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Lee County, VA

Lee County, VA home values range from $6,074 to $1,385,897. Ewing is the priciest city with a median listing home price of $833,750, and Dryden is most affordable with average house prices of around $84,950.

Foreclosure
There are 8 cities within Lee County, VA; within these cities, the median estimated home value for homes in foreclosure ranges from $112,000 in Pennington Gap to the lowest value of $50,670 in Pennington Gap. Foreclosure homes account for 0.00% of properties in Lee County, VA with Rose Hill containing 1 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Lee County, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 8 cities within Lee County, VA; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Lee County, VA ranges from the highest value of $80,009 in Blackwater to the lowest value of $61,684 in Jonesville. Bank owned homes and properties account for 0.02% of properties in Lee County, VA. There are 8 cities within Lee County, VA; Rose Hill containing 1 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Pennington Gap has 1 auction properties, the highest number of properties going to auction in a single city in the state of Lee County, VA. Auction homes and other auction properties account for 0.01% of all properties in Lee County, VA. There are 8 cities within Lee County, VA; of those cities, the median estimated home value for homes going to auction ranges from $50,670 in Pennington Gap to the lowest value of $50,670 in Pennington Gap.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.28% of residential properties in Lee County, VA with Pennington Gap containing 13 homes for sale, the highest number of listed properties in a single city. There are 8 cities within Lee County, VA; homes for sale in those cities, have a range of median values from $934,307 in Ewing to the lowest value of $24,900 in Pennington Gap.
    Sold Homes
    The median value for recently sold homes ranges from $229,540 in Blackwater to the lowest price of $20,158 in Blackwater. There are 8 cities within Lee County, VA. Jonesville has 50 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.89% of properties in Lee County, VA.

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      Guide for Lee County, VA

      Market Reports
      Richmond Real Estate on the Rise: Property Values Up 7% from 2023 to 2024
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      Steady Growth Marks Norfolk Real Estate Landscape; Property Value Reaches $315K in March 2024
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      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports
      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      See More Articles
      Richmond Real Estate on the Rise: Property Values Up 7% from 2023 to 2024
      Market Reports|posted 1 April 2024

      Richmond’s real estate market shows consistent growth, with trends indicating increasing property values and demand.

      Steady Growth Marks Norfolk Real Estate Landscape; Property Value Reaches $315K in March 2024
      Market Reports|posted 25 March 2024

      A glance at the real estate market in Norfolk, Virginia, highlighting rising property values, increasing desirability, and trends in nearby cities.

      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports|posted 20 March 2024

      The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.

      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      Market Reports|posted 13 February 2024

      The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.

      Recently Listed Homes Lee County, VA

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