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Foreclosure Homes in Wise, VA 24293

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Wise, VA Foreclosures

Current Market Conditions in in Wise, VA As of April 2026?
In the past month, Wise has experienced an uptick in home sales as buyers are drawn to the town's natural allure and affordability. The average time homes spend on the market has decreased, suggesting stronger competition among buyers eager to secure properties. Interest rates have held relatively steady, encouraging first-time buyers, while an influx of new residents has boosted demand for housing, driving prices upwards modestly. Local agents are optimistic about continued growth as more people discover the town’s unique offerings.
How much do homes sell for in Wise, VA?
The average home price is currently $190,719.
In Wise, VA, how many homes are available?
There are currently 9 active home listings available in Wise.
What’s the average rental cost in Wise, VA?
The average rental price in Wise is $1,001.
What is the most expensive home in Wise?
The most expensive home sold in Wise had a price of $8,070,893.
What is currently the cheapest priced home in Wise, VA?
The cheapest home for sale in Wise is priced at $8,321.

Living in Wise, VA

Wise, VA is a charming small town nestled in the Appalachian Mountains, boasting a close-knit community and rich cultural heritage. Residents enjoy outdoor activities and access to local amenities, while educational institutions contribute to the area's family-friendly atmosphere. Wise offers a peaceful lifestyle with the beauty of nature just outside the door.

Buyer vs Seller Market in Wise, VA

The Wise real estate market has shown steady growth, with increasing interest in the area due to its scenic beauty and affordable housing prices. Over the past few months, more buyers have been seeking homes for sale in Wise, recognizing the value of both the community and the natural surroundings.

New construction projects and renovations are beginning to emerge as developers aim to meet the rising demand for quality housing. The landscape is changing as more young families and retirees discover the charm of Wise, contributing to a balanced market that favors diverse homebuyers.

Home Value Estimator For Wise, VA

There are currently 3,005 real estate properties in Wise, VA, with a median automated valuation model (AVM) price of $155,574.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wise, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wise, VA, is $190,719.00, with the most expensive house in Wise, VA, topping out at $8,070,893.00 and the cheapest home in Wise, VA, clocking in at $8,321.00. In other words, there’s something for every potential homebuyer or savvy investor in Wise, VA!

Rent Prices In Wise, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wise, VA, is on a rollercoaster ride. The average rent price in Wise, VA, is $1,001.00. Indeed, when looking to rent in Wise, VA, you can expect to pay as little as $470.00 or as much as $2,660.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Wise, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Wise, VA 24293 Foreclosures

Market Trend for Wise, VA

Total Listings Available: 9

Market Values:

Home Prices from $8,321 to $8,070,893

Average Sales Price: $190,719

Rental Values:

Rental from $470 to $2,660

Average Rent Value: $1,001 / month

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