Is Alleghany County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Alleghany County was a Neutral Market.
Key Takeaway
Alleghany County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alleghany County, VA
How much do homes in Alleghany County, VA cost?
Median Sold Price
$124,250
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Alleghany County have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Alleghany County was $124,250 in March 2024, up 11.9% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | - | N/A |
| 2 Bedrooms | $69K | $50.5K | -26.9% |
| 3 Bedrooms | $112.5K | $125K | +11.1% |
| 4 Bedrooms | $147.2K | $172K | +16.8% |
| 5+ Bedrooms | $225K | $245K | +8.9% |
Summary: Alleghany County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Counties
| Alleghany County | $111K | $124.2K | +11.9% |
| Botetourt County | $327.7K | $335K | +2.2% |
Housing Supply in Alleghany County, VA
How many homes are available in Alleghany County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Summary: The Alleghany County real estate market had 26 homes for sale in March 2024, a 30.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Alleghany County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alleghany County, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Alleghany County in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Alleghany County, VA
We’re sorry, we don't have information for this market at the moment
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