Is Alleghany County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$130,000
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Alleghany County have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Alleghany County was $130,000 in April 2024, up 15.6% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | - | N/A |
| 2 Bedrooms | $60.2K | $57.5K | -4.6% |
| 3 Bedrooms | $112.5K | $127.5K | +13.3% |
| 4 Bedrooms | $150K | $177K | +18.0% |
| 5+ Bedrooms | $225K | $245K | +8.9% |
Summary: Alleghany County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Counties
| Alleghany County | $112.5K | $130K | +15.6% |
| Botetourt County | $326.6K | $335K | +2.6% |
Housing Supply in Alleghany County, VA
How many homes are available in Alleghany County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 29 | +26.1% |
Summary: The Alleghany County real estate market had 29 homes for sale in April 2024, a 26.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Alleghany County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Alleghany County, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Alleghany County in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Alleghany County, VA
How long does it take to sell a home in Alleghany County, VA?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Alleghany County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 5 homes were sold in Alleghany County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. 
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.