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OAKWOOD, VA 24631

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

Market Analysis

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

The OAKWOOD, VA real estate market (24631) currently shows 3 active listings. Homes are averaging 38 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 38 days on market compared to 146 days last year.

The median listing price has fallen 29.1% year-over-year, from $275,000 to $194,900.

Whether you are buying or selling in OAKWOOD, 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: 1,917  ·  Density: 13.8/mi²  ·  Median household income: $47,770

Typical home value: $69,107  ·  Homeownership: 67.2%

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
0
0% pending ratio
Median Price
$194,900
⇩ 29.1% vs $275,000 last year
Average Price
$249,967
⇩ 9.1% vs $275,000 last year
Days on Market
38
⇩ 74% vs 146 days last year

Price Per Square Foot

Median $/sqft
$108
⇧ 44% vs $75/sqft last year
Median Home Size
2,464 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 2 last year
  • Days on market: 38 now vs 146 last year

Median & Average Pricing

Year over Year
  • Median: $194,900 (-29.1% YoY)
  • Average: $249,967 (-9.1% 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 21.4 miles — 66 listings ($12,782,572 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24631Oakwood, VA 246310.0 mi3$951,000$317,000$317,000
24656Vansant, VA 246567.7 mi5$1,014,230$235,900$202,846
24649Swords Creek, VA 2464910.3 mi2$592,000$296,000$296,000
24641Richlands, VA 2464112.6 mi25$4,674,450$186,200$186,978
24603Big Rock, VA 2460314.2 mi2$56,800$28,400$28,400
24620Hurley, VA 2462014.8 mi2$248,000$124,000$124,000
24256Haysi, VA 2425615.8 mi4$427,000$103,500$106,750
24609Cedar Bluff, VA 2460917.3 mi17$3,993,742$186,200$234,926
24280Rosedale, VA 2428018.5 mi1$289,000$289,000$289,000
24602Bandy, VA 2460218.9 mi2$269,900$134,950$134,950
24237Dante, VA 2423719.3 mi1$51,500$51,500$51,500
41524Fedscreek, KY 4152419.7 mi1$19,950$19,950$19,950
41540Lick Creek, KY 4154021.4 mi1$195,000$195,000$195,000

Frequently Asked Questions

How many homes are for sale in OAKWOOD, VA 24631?

As of March 2026, there are 3 active listings in OAKWOOD, VA (zip code 24631), compared to 2 the prior year.

What is the median home price in OAKWOOD, VA 24631?

The median listing price in OAKWOOD, VA 24631 is $194,900 as of March 2026, a 29.1% decrease from $275,000 the prior year.

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

Homes in OAKWOOD, VA 24631 spend an average of 38 days on the market before going under contract, compared to 146 days the prior year.

Is it a seller's or buyer's market in OAKWOOD, VA 24631?

Based on current inventory and days-on-market data as of March 2026, OAKWOOD, VA 24631 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 38 days on market compared to 146 days last year.

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

With SELL123.com's maximum 3% commission, sellers in OAKWOOD, VA 24631 save an estimated $3,898 compared to a typical 5% commission on the median listing price of $194,900. 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.