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Featured local agent — Big Stone Gap East, VA
Sarah Mitchell
Compass Real Estate · Big Stone Gap East, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Big Stone Gap East, VA Housing Market
The last median sale price Redfin published was $186,000, -1.7% year over year (through May 2026). With 1.5 months of supply and homes going under contract in about 152 days, Big Stone Gap East is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $186,000 home is about $993/mo in principal and interest.
Key numbers for Big Stone Gap East, VA
Median sale price
$186,000
-1.7% year over year
Redfin, through May 2026
Days on market
152
Slow-moving
Redfin, through May 2026
Active listings
3
1.5 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
96.1%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Big Stone Gap East a buyer's or seller's market?
Big Stone Gap East, VA is a seller's market, based on 1.5 months of supply and homes selling in about 152 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Big Stone Gap East housing market data show?
Every row below is Redfin's final published month for Big Stone Gap East, VA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $186,000 |
| Year-over-year price change | -1.7% |
| Median price per sq ft | $128/sq ft |
| Median days on market | 152 days |
| Active inventory | 3 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 96.1% |
| Homes sold (that month) | 2 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Big Stone Gap East is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Big Stone Gap East is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Big Stone Gap East home prices moved?
Across the 27 months we hold for Big Stone Gap East, VA, the median sale price rose 30.1%, from $142,967 in May 2021 to $186,000. For prices to fall meaningfully from here, supply would have to keep building past 1.5 months while the sale-to-list ratio slips below its current 96.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Big Stone Gap East?
Priced off the median sale price of $186,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $37,200 | $148,800 | $993/mo |
| 5% | $9,300 | $176,700 | $1,179/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $993, that implies roughly $42,556 a year before you add taxes and insurance. We do not hold a Census income figure for Big Stone Gap East, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Big Stone Gap East in the next 12 months?
Tell us your timeline. We send the Big Stone Gap East market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Big Stone Gap East?
Zillow does not publish a rent index (ZORI) for Big Stone Gap East, VA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Big Stone Gap East?
Active listings in Big Stone Gap East, VA went from 3 in June 2024 to 3 in May 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| July 2024 | 4 | 2 |
| October 2024 | 4 | 1 |
| November 2024 | 4 | 1 |
| March 2025 | 6 | 2 |
| May 2025 | 4 | 1 |
| June 2025 | 2 | not published |
| July 2025 | 1 | not published |
| September 2025 | 1 | not published |
| January 2026 | 2 | not published |
| February 2026 | 2 | not published |
| March 2026 | 2 | not published |
| May 2026 | 3 | not published |
Redfin, through May 2026
How does Big Stone Gap East compare to Virginia and the U.S.?
Big Stone Gap East homes sell for $186,000 — 63% below the Virginia median of $499,300. Against the national median of $410,700, Big Stone Gap East runs 55% lower. Year-over-year, Big Stone Gap East moved -1.7% against Virginia's +3.9% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Big Stone Gap East, VA | $186,000 | -1.7% | 152 days |
| Virginia statewide | $499,300 | +3.9% | 28 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Big Stone Gap East
What buyers should watch
- Months of supply, currently 1.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $186 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $186,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Big Stone Gap East listing goes under contract in 152 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 96.1% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Big Stone Gap East varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Big Stone Gap East
There are currently 3 homes listed for sale in Big Stone Gap East, Virginia.
Active listings
3
Homes on market
Avg. days on market
152
Days until sale
How much do homes cost in Big Stone Gap East by property type?
How the Big Stone Gap East, VA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $186,000 | $128/sq ft | 2 | 152 days |
Who lives in Big Stone Gap East?
American Community Survey estimates for Big Stone Gap East. U.S. Census ACS, 2023
Population
430
Households
234
Median age
55.6 years
Owner-occupied
50.4%
Median home value
$168,100
Median gross rent
$859/mo
Mean commute
43.5 min
50.4% of occupied homes in Big Stone Gap East are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Big Stone Gap East, VA?
Ordered by distance from Big Stone Gap East, not by size. Compare Big Stone Gap East side by side with any of them.
Big Stone Gap East housing market FAQ
Is Big Stone Gap East a buyer's or seller's market?
Big Stone Gap East, VA is currently a seller's market. That read comes from 1.5 months of supply, homes going under contract in about 152 days, and sellers getting 96.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Big Stone Gap East?
The median sale price in the last month Redfin published was $186,000, about $128 per square foot.
Is Big Stone Gap East cheaper than the rest of Virginia?
Big Stone Gap East's median sale price of $186,000 is 63% lower than the Virginia statewide median of $499,300, and 55% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Big Stone Gap East?
Homes in Big Stone Gap East, VA spent a median of 152 days on market before going under contract, versus 28 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Big Stone Gap East?
At the current 30-year fixed rate of 7.03%, 20% down on a $186,000 home is about $993 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $42,556 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Big Stone Gap East?
Redfin's last published year-over-year change for Big Stone Gap East, VA was -1.7%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Big Stone Gap East?
Big Stone Gap East ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Big Stone Gap East?
That depends on your timeline, not on a headline. What the data says today: Big Stone Gap East, VA is a seller's market with 1.5 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $186,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.