Is Botetourt 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, 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
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Botetourt County was $335,000 in March 2024, up 2.2% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $151.5K | N/A |
2 Bedrooms | $173.4K | $195K | +12.4% |
3 Bedrooms | $287K | $279K | -2.8% |
4 Bedrooms | $396K | $470K | +18.7% |
5+ Bedrooms | $600K | $579.8K | -3.4% |
Summary: Botetourt 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 increased by 12.4%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Counties
Alleghany County | $111K | $124.2K | +11.9% |
Bedford County | $351.2K | $375.2K | +6.8% |
Botetourt County | $327.7K | $335K | +2.2% |
Housing Supply in Botetourt County, VA
How many homes are available in Botetourt County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 107 | +52.9% |
Summary: The Botetourt County real estate market had 107 homes for sale in March 2024, a 52.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 10 | 16 | +60.0% |
3 Bedrooms | 28 | 43 | +53.6% |
4 Bedrooms | 17 | 30 | +76.5% |
5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Botetourt County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 53.6%, 4 bedroom homes increased by 76.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 17 | +88.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Botetourt County in March 2024, up by 88.9% month-over-month. Of the 17 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% 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