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Melwood Manor

MADISON HEIGHTS, VA 24572

Real Estate Market Report  ·  Amherst County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
43
⇩ 12.2% vs 49 last year
Pending
20
47% pending ratio
Median Price
$324,900
⇧ 27.5% vs $254,782 last year
Average Price
$390,016
⇧ 27.3% vs $306,467 last year
Days on Market
52
⇩ 35% vs 80 days last year

Market Context

Population: 15,557  ·  Density: 90.6/mi²  ·  Median household income: $63,125

Typical home value: $170,419  ·  Homeownership: 74.1%

Market Analysis

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

The MADISON HEIGHTS, VA real estate market (24572) currently shows 43 active listings, with 20 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 52 days on market compared to 80 days last year.

The median listing price has risen 27.5% year-over-year, from $254,782 to $324,900.

Whether you are buying or selling in MADISON HEIGHTS, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 43 this year vs 49 last year
  • Days on market: 52 now vs 80 last year

Median & Average Pricing

Year over Year
  • Median: $324,900 (+27.5% YoY)
  • Average: $390,016 (+27.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.1 miles — 635 listings ($274,026,938 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24572Madison Heights, VA 245720.0 mi43$16,770,688$324,900$390,016
24503Lynchburg, VA 245038.1 mi81$39,817,413$449,950$491,573
24502Lynchburg, VA 2450210.1 mi194$63,173,966$299,950$325,639
24521Amherst, VA 2452111.9 mi27$11,180,322$354,450$414,086
24593Spout Spring, VA 2459313.9 mi11$3,551,042$294,450$322,822
24551Forest, VA 2455114.4 mi106$57,031,180$449,500$538,030
24556Goode, VA 2455617.8 mi16$11,849,664$474,900$740,604
22922Arrington, VA 2292217.9 mi1$469,000$469,000$469,000
24550Evington, VA 2455018.5 mi16$6,525,024$369,900$407,814
24416Buena Vista, VA 2441623.1 mi26$7,307,300$272,400$281,050
24599Wingina, VA 2459923.4 mi3$5,294,901$1,949,950$1,764,967
24579Natural Bridge Station, VA 2457923.9 mi2$1,398,000$699,000$699,000
24523Bedford, VA 2452325.1 mi109$49,658,438$399,900$455,582

Frequently Asked Questions

How many homes are for sale in MADISON HEIGHTS, VA 24572?

As of January 2026, there are 43 active listings in MADISON HEIGHTS, VA (zip code 24572), compared to 49 the prior year.

What is the median home price in MADISON HEIGHTS, VA 24572?

The median listing price in MADISON HEIGHTS, VA 24572 is $324,900 as of January 2026, a 27.5% increase from $254,782 the prior year.

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

Homes in MADISON HEIGHTS, VA 24572 spend an average of 52 days on the market before going under contract, compared to 80 days the prior year.

Is it a seller's or buyer's market in MADISON HEIGHTS, VA 24572?

Based on current inventory and days-on-market data as of January 2026, MADISON HEIGHTS, VA 24572 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 52 days on market compared to 80 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MADISON HEIGHTS, VA 24572 save an estimated $6,498 compared to a typical 5% commission on the median listing price of $324,900. 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.