Is Valley, 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, Valley has remained a Seller's Market.
Key Takeaway
Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Valley, VA
How much do homes in Valley, VA cost?
Median Sold Price
$340,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Valley have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Valley was $340,000 in March 2024, up 1.1% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $259.9K | $165K | -36.5% |
| 3 Bedrooms | $332.2K | $315K | -5.2% |
| 4 Bedrooms | $400K | $433K | +8.3% |
| 5+ Bedrooms | $402.7K | $600K | +49.0% |
Summary: Valley 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 36.5%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 49%.
Median Sold Price Compared To Nearby Cities
| Amsterdam | $395K | $523.5K | +32.5% |
| Blue Ridge | $310K | $355K | +14.5% |
| Troutville | $315.6K | $325K | +3.0% |
| Valley | $336.2K | $340K | +1.1% |
Housing Supply in Valley, VA
How many homes are available in Valley, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The Valley real estate market had 20 homes for sale in March 2024, a 17.6% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Valley 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
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 Valley, 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 Valley in March 2024, up by 20.0% 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 Valley, VA
We’re sorry, we don't have information for this market at the moment
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.