Is Botetourt County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Botetourt County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Botetourt County has remained a Seller's Market.

Key Takeaway

Botetourt County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Botetourt County, VA cost?

Median Sold Price

$310,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$26,171(+9.2%)

Key Takeaway

Homes in Botetourt County have sold for 9.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $260K-
N/A
2 $149.9K$174.9K
+16.6%
3 $265K$288.8K
+9.0%
4 $320K$399.2K
+24.8%
5+ $568.5K$561.5K
-1.2%

Median Sold Price Compared To Nearby Counties

Roanoke County
+12.0%
Bedford County
+11.1%
Botetourt County
+9.2%
Alleghany County
+3.8%
Craig County
-17.3%

How many homes are available in Botetourt County, VA?

Number of Homes For Sale

Sep 2022Oct 2022%
1131130.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 1113
+18.2%
3 4539
-13.3%
4 3339
+18.2%
5+ 2321
-8.7%

Number of Homes Sold

Sep 2022Oct 2022%
3819-50.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Botetourt County, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Botetourt County, VA

Botetourt County, VA has 113 homes for sale to choose from. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 16.6% more expensive, the cost of 3 bedrooms properties went up by 9%, 4 bedrooms properties became 24.8% more expensive, 5 bedrooms properties became 1.2% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 18.2%, number of 3 bedrooms homes decreased by 13.3%, 4 bedrooms homes inventory increased by 18.2%, 5 bedrooms homes inventory decreased by 8.7%. In October 2022 more than 3 listings in Botetourt County, VA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 11 were sold below.

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