Is Clifton Forge, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clifton Forge is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Clifton Forge has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Clifton Forge, VA

How much do homes in Clifton Forge, VA cost?

Median Sold Price

$135,000

$82/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,750(-6.7%)

Key Takeaway

Homes in Clifton Forge have sold for 6.7% less than they did a year ago.

Summary: The median home sold price in Clifton Forge was $135,000 in October 2024, down 6.7% from last year, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$115K
N/A
2 $40K$103.2K
+158.1%
3 $138.7K$83K
-40.2%
4 $165K$231K
+40.0%
5+ $225K$315K
+40.0%

Summary: Clifton Forge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 158.1%, 3 bedroom homes decreased by 40.2%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 40%.

Median Sold Price Compared To Nearby Cities

Clifton Forge East
+11.1%
Jackson River
+6.9%
Clifton Forge
-6.7%
Clifton Forge West
-30.5%

Housing Supply in Clifton Forge, VA

How many homes are available in Clifton Forge, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2531+24.0%

Summary: The Clifton Forge real estate market had 31 homes for sale in October 2024, a 24.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 46
+50.0%
3 1315
+15.4%
4 45
+25.0%
5+ 44
0.0%

Summary: The Clifton Forge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
19+800.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clifton Forge, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Clifton Forge in October 2024, up by 800.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for Clifton Forge, 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 23 Days Ago

Newest Listings in Clifton Forge, VA

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