Is Botetourt County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in Botetourt County, VA
How much do homes in Botetourt County, VA cost?
Median Sold Price
$340,666
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Botetourt County have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Botetourt County was $340,666 in June 2024, up 2.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | $172K | +36.5% |
| 2 Bedrooms | $174K | $179.5K | +3.2% |
| 3 Bedrooms | $279.9K | $300K | +7.2% |
| 4 Bedrooms | $422K | $486.5K | +15.3% |
| 5+ Bedrooms | $595K | $586K | -1.5% |
Summary: Botetourt County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.5%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Counties
| Alleghany County | $117.5K | $135K | +14.9% |
| Bedford County | $359.7K | $380.1K | +5.7% |
| Botetourt County | $331.6K | $340.6K | +2.7% |
Housing Supply in Botetourt County, VA
How many homes are available in Botetourt County, VA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 112 | 131 | +17.0% |
Summary: The Botetourt County real estate market had 131 homes for sale in June 2024, a 17.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 51 | 59 | +15.7% |
| 4 Bedrooms | 33 | 41 | +24.2% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Botetourt County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Botetourt County, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Botetourt County in June 2024, down by 8.0% month-over-month. Of the 23 sold homes, 43% were sold under asking, 9% were sold at asking, and 48% were sold over asking.
Days on Market for Botetourt County, VA
How long does it take to sell a home in Botetourt County, VA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 9 Days | 33 Days | +238.5% |
Summary: Homes in Botetourt County had an average of 33 days on market in Jun 2024, up by 238.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Botetourt County has remained consistent over time.
Summary: During June 2024, 23 homes were sold in Botetourt County; 0% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. 
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.