Is Alleghany County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alleghany County is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Alleghany County was a Seller's Market.

Key Takeaway

Alleghany County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Alleghany County, VA

How much do homes in Alleghany County, VA cost?

Median Sold Price

$130,000

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$4,250(+3.4%)

Key Takeaway

Homes in Alleghany County have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Alleghany County was $130,000 in December 2024, up 3.4% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$82.4K
N/A
2 $50K$126.2K
+152.5%
3 $125.7K$123K
-2.2%
4 $167K$231K
+38.3%
5+ $235K$269.9K
+14.9%

Summary: Alleghany County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 152.5%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 38.3%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Counties

Botetourt County
+5.8%
Alleghany County
+3.4%

Housing Supply in Alleghany County, VA

How many homes are available in Alleghany County, VA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2722-18.5%

Summary: The Alleghany County real estate market had 22 homes for sale in December 2024, a 18.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 31
-66.7%
3 1513
-13.3%
4 44
0.0%
5+ 44
0.0%

Summary: The Alleghany County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
82-75.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alleghany County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Alleghany County in December 2024, down by 75.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Alleghany County, VA

How long does it take to sell a home in Alleghany County, VA?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alleghany County are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in Alleghany County; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Alleghany County, VA

Nearby Markets to Alleghany County, VA

What housing markets are near Alleghany County, VA?