Is Floyd County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Floyd County has remained a Seller's Market.
Key Takeaway
Floyd County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Floyd County, VA
How much do homes in Floyd County, VA cost?
Median Sold Price
$350,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Floyd County have sold for 34.6% more than they did a year ago.
Summary: The median home sold price in Floyd County was $350,000 in March 2024, up 34.6% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $181.5K | N/A |
| 2 Bedrooms | $229.5K | $189K | -17.6% |
| 3 Bedrooms | $250K | $307.5K | +23.0% |
| 4 Bedrooms | $298.9K | $445K | +48.9% |
| 5+ Bedrooms | $316K | $585K | +85.1% |
Summary: Floyd 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 17.6%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 48.9%, and 5+ bedroom homes increased by 85.1%.
Median Sold Price Compared To Nearby Counties
| Floyd County | $260K | $350K | +34.6% |
| Franklin County | $312.7K | $340K | +8.7% |
Housing Supply in Floyd County, VA
How many homes are available in Floyd County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 44 | +41.9% |
Summary: The Floyd County real estate market had 44 homes for sale in March 2024, a 41.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Floyd County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 10 | +233.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Floyd County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Floyd County in March 2024, up by 233.3% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Floyd County, VA
How long does it take to sell a home in Floyd County, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 94 Days | 62 Days | -33.3% |
Summary: Homes in Floyd County had an average of 62 days on market in Mar 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Floyd County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Floyd County; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% 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.