Is Botetourt 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, 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
$339,983
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Botetourt County have sold for 2% more than they did a year ago.
Summary: The median home sold price in Botetourt County was $339,983 in May 2024, up 2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | $172K | +36.5% |
| 2 Bedrooms | $172K | $187.5K | +9.0% |
| 3 Bedrooms | $285K | $290K | +1.8% |
| 4 Bedrooms | $420K | $475K | +13.1% |
| 5+ Bedrooms | $600K | $586K | -2.3% |
Summary: Botetourt County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.5%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Counties
| Alleghany County | $112K | $137.5K | +22.8% |
| Bedford County | $364.7K | $376.6K | +3.3% |
| Craig County | $179.8K | $185K | +2.8% |
| Botetourt County | $333.2K | $339.9K | +2.0% |
Housing Supply in Botetourt County, VA
How many homes are available in Botetourt County, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 96 | 125 | +30.2% |
Summary: The Botetourt County real estate market had 125 homes for sale in May 2024, a 30.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 38 | 53 | +39.5% |
| 4 Bedrooms | 30 | 37 | +23.3% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Botetourt County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 39.5%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Botetourt County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Botetourt County in May 2024, up by 41.2% month-over-month. Of the 24 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% 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
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.