Is Big Stone Gap, VA 24219 a buyer’s or seller’s market?

The Big Stone Gap housing market right now

In the three months ending August 31, 2026, 6% of homes in Big Stone Gap, VA 24219 sold above their list price, the typical home went under contract in 48 days and there were 9.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (7% then), homes sold faster (100 days then) and the median sale price fell 27% to $145,937. Overall, Big Stone Gap is more competitive than a year ago, so tougher for buyers.

Within Wise County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Big Stone Gap ranks #336 of 358 VA ZIP codes with enough sales (score 22 out of 100).

Nearby, buyers who want less competition could look at Saint Paul 24283 (0% sold over asking) or Pound 24279 (0% sold over asking), while Coeburn 24230 (18% sold over asking) and Wise 24293 (11% sold over asking) are even more competitive.