Is Alleghany County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Alleghany County has remained a Seller's Market.
Housing Prices in Alleghany County, VA
How much do homes in Alleghany County, VA cost?
Median Sold Price
$137,500
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Alleghany County was $137,500 in May 2024, up 22.8% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $33K | - | N/A |
2 Bedrooms | $57.5K | $77.5K | +34.8% |
3 Bedrooms | $112.5K | $132.5K | +17.8% |
4 Bedrooms | $150K | $185K | +23.3% |
5+ Bedrooms | $225K | $245K | +8.9% |
Summary: Alleghany County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Counties
Alleghany County | $112K | $137.5K | +22.8% |
Craig County | $179.8K | $185K | +2.8% |
Botetourt County | $333.2K | $339.9K | +2.0% |
Housing Supply in Alleghany County, VA
How many homes are available in Alleghany County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 34 | +25.9% |
Summary: The Alleghany County real estate market had 34 homes for sale in May 2024, a 25.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Alleghany County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Alleghany County in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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