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BUCHANAN, VA 24066

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The BUCHANAN, VA real estate market (24066) currently shows 11 active listings, with 6 pending sales. Homes are averaging 92 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 92 days on market compared to 61 days last year.

The median listing price has fallen 5.6% year-over-year, from $441,750 to $417,225.

Whether you are buying or selling in BUCHANAN, 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: 5,127  ·  Density: 12.6/mi²  ·  Median household income: $60,924

Typical home value: $191,117  ·  Homeownership: 86.3%

Market Overview

Active Listings
11
⇩ 26.7% vs 15 last year
Pending
6
55% pending ratio
Median Price
$417,225
⇩ 5.6% vs $441,750 last year
Average Price
$460,303
⇩ 9.9% vs $511,036 last year
Days on Market
92
⇧ 50.8% vs 61 days last year

Price Per Square Foot

Median $/sqft
$173
⇩ 10.8% vs $194/sqft last year
Median Home Size
1,967 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 15 last year
  • Days on market: 92 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $417,225 (-5.6% YoY)
  • Average: $460,303 (-9.9% 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 23.1 miles — 275 listings ($100,731,826 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24066Buchanan, VA 240660.0 mi11$4,880,623$378,950$443,693
24578Natural Bridge, VA 2457810.9 mi4$2,789,800$697,450$697,450
24064Blue Ridge, VA 2406412.7 mi18$7,273,926$359,250$404,107
24174Thaxton, VA 2417413.0 mi3$667,350$222,450$222,450
24526Big Island, VA 2452615.2 mi7$1,488,116$189,500$212,588
24175Troutville, VA 2417516.2 mi32$13,108,992$367,000$409,656
24077Cloverdale, VA 2407717.3 mi2$331,000$165,500$165,500
24556Goode, VA 2455618.7 mi24$19,036,584$629,950$793,191
24448Iron Gate, VA 2444819.0 mi3$277,500$92,500$92,500
24019Roanoke, VA 2401920.3 mi101$36,816,015$332,488$364,515
24474Selma, VA 2447420.6 mi2$440,000$220,000$220,000
24416Buena Vista, VA 2441622.0 mi23$6,173,430$269,900$268,410
24013Roanoke, VA 2401323.1 mi45$7,448,490$169,813$165,522

Frequently Asked Questions

How many homes are for sale in BUCHANAN, VA 24066?

As of March 2026, there are 11 active listings in BUCHANAN, VA (zip code 24066), compared to 15 the prior year.

What is the median home price in BUCHANAN, VA 24066?

The median listing price in BUCHANAN, VA 24066 is $417,225 as of March 2026, a 5.6% decrease from $441,750 the prior year.

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

Homes in BUCHANAN, VA 24066 spend an average of 92 days on the market before going under contract, compared to 61 days the prior year.

Is it a seller's or buyer's market in BUCHANAN, VA 24066?

Based on current inventory and days-on-market data as of March 2026, BUCHANAN, VA 24066 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 92 days on market compared to 61 days last year.

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

With SELL123.com's maximum 3% commission, sellers in BUCHANAN, VA 24066 save an estimated $8,345 compared to a typical 5% commission on the median listing price of $417,225. 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.