Is Botetourt County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Botetourt County was a Seller's Market.
Housing Prices in Botetourt County, VA
How much do homes in Botetourt County, VA cost?
Median Sold Price
$335,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Botetourt County was $335,000 in April 2024, up 2.6% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $151.5K | N/A |
2 Bedrooms | $180K | $189.2K | +5.1% |
3 Bedrooms | $285K | $287K | +0.7% |
4 Bedrooms | $402.9K | $482.4K | +19.7% |
5+ Bedrooms | $607.5K | $579.8K | -4.5% |
Summary: Botetourt County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Counties
Alleghany County | $112.5K | $130K | +15.6% |
Bedford County | $357K | $374.4K | +4.9% |
Botetourt County | $326.6K | $335K | +2.6% |
Housing Supply in Botetourt County, VA
How many homes are available in Botetourt County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 106 | +20.5% |
Summary: The Botetourt County real estate market had 106 homes for sale in April 2024, a 20.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 36 | 44 | +22.2% |
4 Bedrooms | 24 | 33 | +37.5% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Botetourt County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 16 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Botetourt County in April 2024, down by 27.3% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Botetourt County, VA
We’re sorry, we don't have information for this market at the moment