24293 — Wise County, Virginia Market Snapshot
Housing market data for zip code 24293 in Wise County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
18 sales in 2026 (year to date)
Median Sale Price
$202,500
Days to Sell
171
Homes Sold
18
Inventory
30
Sale-to-List
92.6%
New Listings
29
Price/SqFt
$115
Pending Sales
26
Conforming Loan Available
Most homebuyers in 24293 can comfortably use conventional financing. The median home price of $202,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 171 days on average, 24293 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 24293 sells for 7.4% below asking price (92.6% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 24293 can comfortably use conventional financing. The median home price of $202,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 24293 are set at the county level.
2026 Loan Limits — Wise County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 24293
To purchase the median home at $202,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,701.
Monthly Payment
$1,701
Income Required
$72,921
Principal & Interest
$1,248/mo
Down Payment (5%)
$10,125
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 24293.
Estimated Monthly Payment
$1,403
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