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 seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Alleghany County has remained a Seller's Market.

Key Takeaway

Alleghany County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Alleghany County, VA

How much do homes in Alleghany County, VA cost?

Median Sold Price

$129,500

$81/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$8,000(-5.8%)

Key Takeaway

Homes in Alleghany County have sold for 5.8% less than they did a year ago.

Summary: The median home sold price in Alleghany County was $129,500 in November 2024, down 5.8% from last year, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$82.4K
N/A
2 $45.5K$104.2K
+129.1%
3 $138.7K$105.4K
-24.0%
4 $159.8K$231K
+44.6%
5+ $235K$269.9K
+14.9%

Summary: Alleghany County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 129.1%, 3 bedroom homes decreased by 24%, 4 bedroom homes increased by 44.6%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Counties

Craig County
+41.4%
Botetourt County
+5.6%
Alleghany County
-5.8%

Housing Supply in Alleghany County, VA

How many homes are available in Alleghany County, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3630-16.7%

Summary: The Alleghany County real estate market had 30 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 63
-50.0%
3 2018
-10.0%
4 64
-33.3%
5+ 34
+33.3%

Summary: The Alleghany County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 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. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Alleghany County in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.

Days on Market for Alleghany County, VA

We’re sorry, we don't have information for this market at the moment

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

Report Updated 2 Days Ago

Newest Listings in Alleghany County, VA

Nearby Markets to Alleghany County, VA

What housing markets are near Alleghany County, VA?