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LOCUST DALE, VA 22948

Real Estate Market Report  ·  Madison County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The LOCUST DALE, VA real estate market (22948) currently shows 2 active listings, with 1 pending sales. Homes are averaging 170 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 170 days on market compared to 2 days last year.

The median listing price has risen 298.1% year-over-year, from $339,000 to $1,349,500.

Whether you are buying or selling in LOCUST DALE, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 41  ·  Density: 2.3/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 100.0%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
1
50% pending ratio
Median Price
$1,349,500
⇧ 298.1% vs $339,000 last year
Average Price
$1,349,500
⇧ 298.1% vs $339,000 last year
Days on Market
170
⇧ 8400% vs 2 days last year

Price Per Square Foot

Median $/sqft
$252
⇧ 26.6% vs $199/sqft last year
Median Home Size
4,900 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 170 now vs 2 last year

Median & Average Pricing

Year over Year
  • Median: $1,349,500 (+298.1% YoY)
  • Average: $1,349,500 (+298.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.3 miles — 248 listings ($154,044,181 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
22948Locust Dale, VA 229480.0 mi4$4,352,000$599,000$1,088,000
22715Brightwood, VA 227155.3 mi2$1,979,900$989,950$989,950
22729Mitchells, VA 227295.8 mi1$455,000$455,000$455,000
22735Reva, VA 227359.4 mi5$3,136,165$660,900$627,233
22960Orange, VA 229609.6 mi44$35,788,104$450,000$813,366
22972Somerset, VA 2297211.1 mi2$990,000$495,000$495,000
22542Rhoadesville, VA 2254213.3 mi8$4,021,992$419,746$502,749
22719Etlan, VA 2271915.0 mi1$275,000$275,000$275,000
22923Barboursville, VA 2292315.8 mi70$39,429,040$454,117$563,272
22726Lignum, VA 2272616.9 mi2$598,000$299,000$299,000
22942Gordonsville, VA 2294217.6 mi100$54,754,300$526,569$547,543
22743Syria, VA 2274318.0 mi1$999,000$999,000$999,000
22718Elkwood, VA 2271818.3 mi8$7,265,680$974,900$908,210

Frequently Asked Questions

How many homes are for sale in LOCUST DALE, VA 22948?

As of April 2026, there are 2 active listings in LOCUST DALE, VA (zip code 22948), compared to 1 the prior year.

What is the median home price in LOCUST DALE, VA 22948?

The median listing price in LOCUST DALE, VA 22948 is $1,349,500 as of April 2026, a 298.1% increase from $339,000 the prior year.

How long do homes stay on the market in LOCUST DALE, VA?

Homes in LOCUST DALE, VA 22948 spend an average of 170 days on the market before going under contract, compared to 2 days the prior year.

Is it a seller's or buyer's market in LOCUST DALE, VA 22948?

Based on current inventory and days-on-market data as of April 2026, LOCUST DALE, VA 22948 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 170 days on market compared to 2 days last year.

How much can I save on real estate commission in LOCUST DALE, VA?

With SELL123.com's maximum 3% commission, sellers in LOCUST DALE, VA 22948 save an estimated $26,990 compared to a typical 5% commission on the median listing price of $1,349,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.