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MONROE, VA 24574

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

Market Overview

Active Listings
16
⇧ 33.3% vs 12 last year
Pending
8
50% pending ratio
Median Price
$249,900
⇩ 41.7% vs $429,000 last year
Average Price
$364,400
⇩ 43.6% vs $646,021 last year
Days on Market
78
⇧ 4% vs 75 days last year

Market Context

Population: 4,228  ·  Density: 15.3/mi²  ·  Median household income: $59,732

Typical home value: $211,923  ·  Homeownership: 83.9%

Market Analysis

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

The MONROE, VA real estate market (24574) currently shows 16 active listings, with 8 pending sales. Homes are averaging 78 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 78 days on market compared to 75 days last year.

The median listing price has fallen 41.7% year-over-year, from $429,000 to $249,900.

Whether you are buying or selling in MONROE, 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: 16 this year vs 12 last year
  • Days on market: 78 now vs 75 last year

Median & Average Pricing

Year over Year
  • Median: $249,900 (-41.7% YoY)
  • Average: $364,400 (-43.6% 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 23.8 miles — 444 listings ($226,328,514 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24574Monroe, VA 245740.0 mi16$5,830,400$249,900$364,400
24526Big Island, VA 245268.6 mi6$1,536,000$229,000$256,000
24572Madison Heights, VA 2457211.3 mi43$16,770,688$324,900$390,016
24555Glasgow, VA 2455513.7 mi5$1,964,835$165,000$392,967
24551Forest, VA 2455115.1 mi106$57,031,180$449,500$538,030
24556Goode, VA 2455615.9 mi16$11,849,664$474,900$740,604
24483Vesuvius, VA 2448316.6 mi5$29,862,500$5,972,500$5,972,500
24504Lynchburg, VA 2450418.1 mi46$13,103,238$221,000$284,853
22967Roseland, VA 2296719.8 mi64$26,243,200$429,950$410,050
24450Lexington, VA 2445021.2 mi60$31,040,520$381,395$517,342
24588Rustburg, VA 2458823.0 mi59$22,969,821$349,900$389,319
24553Gladstone, VA 2455323.5 mi5$2,558,165$289,900$511,633
24066Buchanan, VA 2406623.8 mi13$5,568,303$459,950$428,331

Frequently Asked Questions

How many homes are for sale in MONROE, VA 24574?

As of January 2026, there are 16 active listings in MONROE, VA (zip code 24574), compared to 12 the prior year.

What is the median home price in MONROE, VA 24574?

The median listing price in MONROE, VA 24574 is $249,900 as of January 2026, a 41.7% decrease from $429,000 the prior year.

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

Homes in MONROE, VA 24574 spend an average of 78 days on the market before going under contract, compared to 75 days the prior year.

Is it a seller's or buyer's market in MONROE, VA 24574?

Based on current inventory and days-on-market data as of January 2026, MONROE, VA 24574 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 78 days on market compared to 75 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MONROE, VA 24574 save an estimated $4,998 compared to a typical 5% commission on the median listing price of $249,900. 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.