Is Bedford County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bedford County has remained a Seller's Market.
Key Takeaway
Bedford County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bedford County, VA
How much do homes in Bedford County, VA cost?
Median Sold Price
$376,697
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bedford County have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Bedford County was $376,697 in May 2024, up 3.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | $220K | +27.5% |
| 2 Bedrooms | $251.7K | $310K | +23.1% |
| 3 Bedrooms | $314.8K | $335K | +6.4% |
| 4 Bedrooms | $491.6K | $514.4K | +4.6% |
| 5+ Bedrooms | $649K | $660K | +1.7% |
Summary: Bedford County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.5%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Counties
| Amherst County | $229.9K | $255K | +10.9% |
| Roanoke County | $289.9K | $309.9K | +6.9% |
| Campbell County | $259.3K | $275K | +6.0% |
| Bedford County | $364.7K | $376.6K | +3.3% |
| Botetourt County | $333.2K | $339.9K | +2.0% |
Housing Supply in Bedford County, VA
How many homes are available in Bedford County, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 405 | 538 | +32.8% |
Summary: The Bedford County real estate market had 538 homes for sale in May 2024, a 32.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 19 | +18.8% |
| 2 Bedrooms | 52 | 73 | +40.4% |
| 3 Bedrooms | 190 | 214 | +12.6% |
| 4 Bedrooms | 98 | 155 | +58.2% |
| 5+ Bedrooms | 49 | 77 | +57.1% |
Summary: The Bedford County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 40.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 58.2%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 119 | 94 | -21.0% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedford County, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 94 homes were sold or pending in Bedford County in May 2024, down by 21.0% month-over-month. Of the 94 sold homes, 49% were sold under asking, 28% were sold at asking, and 23% were sold over asking.
Days on Market for Bedford County, VA
How long does it take to sell a home in Bedford County, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 43 Days | +178.5% |
Summary: Homes in Bedford County had an average of 43 days on market in May 2024, up by 178.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bedford County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 94 homes were sold in Bedford County; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% 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. 
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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