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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Floyd County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Floyd County, VA

How much do homes in Floyd County, VA cost?

Median Sold Price

$300,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,000(-4.8%)

Key Takeaway

Homes in Floyd County have sold for 4.8% less than they did a year ago.

Summary: The median home sold price in Floyd County was $300,000 in October 2024, down 4.8% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $130K$233K
+79.2%
2 $220K$251K
+14.1%
3 $266.2K$292.3K
+9.8%
4 $380.7K$445K
+16.9%
5+ $525K$434K
-17.3%

Summary: Floyd County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 79.2%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 17.3%.

Median Sold Price Compared To Nearby Counties

Franklin County
+3.1%
Floyd County
-4.8%

Housing Supply in Floyd County, VA

How many homes are available in Floyd County, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3135+12.9%

Summary: The Floyd County real estate market had 35 homes for sale in October 2024, a 12.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 57
+40.0%
3 1416
+14.3%
4 75
-28.6%
5+ 45
+25.0%

Summary: The Floyd County 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 40%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in Floyd County in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Floyd 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 20 Days Ago

Newest Listings in Floyd County, VA

Nearby Markets to Floyd County, VA

What housing markets are near Floyd County, VA?