Call or Text (240) SELL-123
Melwood Manor

MADISON HEIGHTS, VA 24572

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

Market Analysis

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

The MADISON HEIGHTS, VA real estate market (24572) currently shows 42 active listings, with 22 pending sales. Homes are averaging 69 days on the market before going under contract.

Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 69 days on market compared to 43 days last year.

The median listing price has risen 20% year-over-year, from $259,214 to $311,175.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for MADISON HEIGHTS, VA 24572 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

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

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

Market Overview

Active Listings
42
⇩ 28.8% vs 59 last year
Pending
22
52% pending ratio
Median Price
$311,175
⇧ 20% vs $259,214 last year
Average Price
$420,660
⇧ 33.1% vs $316,089 last year
Days on Market
69
⇧ 60.5% vs 43 days last year

Price Per Square Foot

Median $/sqft
$189
⇩ 0.5% vs $190/sqft last year
Median Home Size
1,895 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 42 this year vs 59 last year
  • Days on market: 69 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $311,175 (+20% YoY)
  • Average: $420,660 (+33.1% 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 25.1 miles — 669 listings ($287,851,390 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24572Madison Heights, VA 245720.0 mi38$15,461,668$314,900$406,886
24503Lynchburg, VA 245038.1 mi79$37,203,786$449,450$470,934
24502Lynchburg, VA 2450210.1 mi185$57,959,575$299,300$313,295
24521Amherst, VA 2452111.9 mi33$14,008,599$363,175$424,503
24593Spout Spring, VA 2459313.9 mi12$3,788,856$333,150$315,738
24551Forest, VA 2455114.4 mi102$56,536,152$434,900$554,276
24556Goode, VA 2455617.8 mi24$19,036,584$629,950$793,191
24522Appomattox, VA 2452218.2 mi48$16,410,960$329,900$341,895
24581Norwood, VA 2458120.5 mi1$299,000$299,000$299,000
24416Buena Vista, VA 2441623.1 mi23$6,173,430$269,900$268,410
24599Wingina, VA 2459923.4 mi3$5,849,850$1,949,950$1,949,950
24579Natural Bridge Station, VA 2457923.9 mi2$1,398,000$699,000$699,000
24523Bedford, VA 2452325.1 mi119$53,724,930$395,925$451,470

Frequently Asked Questions

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

As of March 2026, there are 42 active listings in MADISON HEIGHTS, VA (zip code 24572), compared to 59 the prior year.

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

The median listing price in MADISON HEIGHTS, VA 24572 is $311,175 as of March 2026, a 20% increase from $259,214 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 69 days on the market before going under contract, compared to 43 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 March 2026, MADISON HEIGHTS, VA 24572 is currently a Balanced Market. Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 69 days on market compared to 43 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 $6,224 compared to a typical 5% commission on the median listing price of $311,175. 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.