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Is Forest, VA 24551 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Forest is a seller’s market. With about 1.5 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score57/ 100

More competitive than 59% of U.S. ZIP codes, and #214 of 358 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply1.5Under 4 months = seller’s market
Sold above original list13.6%Share of sales, last 3 months
Median sale-to-list99.4%Sold price ÷ list price
Median days on market35Listing to accepted offer
Median price per sq ft$187▲ +3.5% vs. last year

Run the numbers for 24551

Prefilled for 24551Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24551Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bedford 24523Seller’s market $188 /sq ftBig Island 24526Buyer’s market $232 /sq ftBlue Ridge 24064Balanced $162 /sq ftColeman Falls 24536 — /sq ft Browse all markets →

More tools for 24551

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology