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FOREST, VA 24551

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

Market Analysis

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

The FOREST, VA real estate market (24551) currently shows 135 active listings, with 61 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 37 more homes available — giving buyers more choice.

Homes are selling faster, averaging 31 days on market compared to 39 days last year.

The median listing price has fallen 9.1% year-over-year, from $499,900 to $454,575.

Whether you are buying or selling in FOREST, 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: 26,873  ·  Density: 139.9/mi²  ·  Median household income: $88,251

Typical home value: $329,894  ·  Homeownership: 81.4%

Market Overview

Active Listings
135
⇧ 37.8% vs 98 last year
Pending
61
45% pending ratio
Median Price
$454,575
⇩ 9.1% vs $499,900 last year
Average Price
$551,745
⇩ 0.1% vs $552,300 last year
Days on Market
31
⇩ 20.5% vs 39 days last year

Price Per Square Foot

Median $/sqft
$187
⇩ 10.5% vs $209/sqft last year
Median Home Size
2,533 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 135 this year vs 98 last year
  • Days on market: 31 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $454,575 (-9.1% YoY)
  • Average: $551,745 (-0.1% 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 22.9 miles — 793 listings ($336,353,965 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24551Forest, VA 245510.0 mi102$56,536,152$434,900$554,276
24502Lynchburg, VA 245025.9 mi185$57,959,575$299,300$313,295
24501Lynchburg, VA 245019.4 mi123$28,502,175$227,150$231,725
24523Bedford, VA 2452311.0 mi119$53,724,930$395,925$451,470
24588Rustburg, VA 2458814.3 mi52$19,825,260$369,770$381,255
24574Monroe, VA 2457415.1 mi17$6,515,522$246,225$383,266
24517Altavista, VA 2451716.1 mi30$8,598,870$242,425$286,629
24579Natural Bridge Station, VA 2457918.1 mi2$1,398,000$699,000$699,000
24174Thaxton, VA 2417418.8 mi3$667,350$222,450$222,450
24563Hurt, VA 2456321.3 mi12$2,958,096$211,050$246,508
24121Moneta, VA 2412122.0 mi103$81,870,580$589,225$794,860
24521Amherst, VA 2452122.6 mi33$14,008,599$363,175$424,503
24593Spout Spring, VA 2459322.9 mi12$3,788,856$333,150$315,738

Frequently Asked Questions

How many homes are for sale in FOREST, VA 24551?

As of March 2026, there are 135 active listings in FOREST, VA (zip code 24551), compared to 98 the prior year.

What is the median home price in FOREST, VA 24551?

The median listing price in FOREST, VA 24551 is $454,575 as of March 2026, a 9.1% decrease from $499,900 the prior year.

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

Homes in FOREST, VA 24551 spend an average of 31 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in FOREST, VA 24551?

Based on current inventory and days-on-market data as of March 2026, FOREST, VA 24551 is currently a Balanced Market. Inventory has increased compared to last year, with 37 more homes available — giving buyers more choice. Homes are selling faster, averaging 31 days on market compared to 39 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FOREST, VA 24551 save an estimated $9,092 compared to a typical 5% commission on the median listing price of $454,575. 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.