Is Floyd, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Floyd is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Floyd is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Floyd, VA

How much do homes in Floyd, VA cost?

Median Sold Price

$310,925

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$39,075(-11.2%)

Key Takeaway

Homes in Floyd have sold for 11.2% less than they did a year ago.

Summary: The median home sold price in Floyd was $310,925 in November 2024, down 11.2% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $265K$233K
-12.1%
2 $200K$211.5K
+5.8%
3 $290K$335K
+15.5%
4 $480K$397.5K
-17.2%
5+ $525K$437K
-16.8%

Summary: Floyd housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 16.8%.

Housing Supply in Floyd, VA

How many homes are available in Floyd, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
20200.0%

Summary: The Floyd real estate market had 20 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 45
+25.0%
3 87
-12.5%
4 33
0.0%
5+ 33
0.0%

Summary: The Floyd 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 increased by 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Floyd, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Floyd in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Floyd, 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 20 Days Ago

Newest Listings in Floyd, VA

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