How much does it cost to buy a house in Pennington Gap, VA?

In August 2026 Pennington Gap homes were listed to buy for a median price of $129K, which is a 23% decrease to July 2025 last month, and a 22% decrease to August 2025 last year. The median value of a home listed to buy in Pennington Gap in August 2026 was $88 per sqft, which is a 15% decrease to July 2025 last month, and a 14% decrease to August 2025 last year.

Is it affordable or expensive to live in Pennington Gap, VA?

It is affordable to live in Pennington Gap. Buying a home in Pennington Gap is 0% less expensive compared with the national average.

Is it a good time to buy property in Pennington Gap, VA?

Yes now is a good time to buy property in Pennington Gap, in August 2026, homes in Pennington Gap have decreased in value (price per sqft) by 14% in the last year compared with August 2025.

Are home prices dropping in Pennington Gap, VA?

Home price are dropping in Pennington Gap, in August 2026, homes to buy in Pennington Gap have decreased in median list price by 17% compared with July 2026, one month ago.

Is the Pennington Gap, VA housing market slowing down?

The housing market in Pennington Gap is slowing down. In August 2026, homes to buy in Pennington Gap spent an median 62 days on the market, a 37% decrease from August 2025 last year.

How much money should I make to buy a house in Pennington Gap, VA?

In August 2026, Pennington Gap homes were listed to buy for a median price of $129K, with 25% down you would need $735/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $25.2K.

Is it a good time to sell my house in Pennington Gap, VA?

Yes now is a good time to sell your house in Pennington Gap, in August 2026, homes in Pennington Gap have decreased in value (price per sqft) by 14% in the last year compared with August 2025.