Is Monroe, VA 24574 a buyer’s or seller’s market?

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

Monroe is a seller’s market. With about 2.5 months of supply and 31% 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.

Months of supply2.5Under 4 months = seller’s market

Sold above original list30.8%Share of sales, last 3 months

Median sale-to-list97.5%Sold price ÷ list price

Median days on market21Listing to accepted offer

Median price per sq ft$213▲ +7.7% vs. last year

Run the numbers for 24574

Prefilled for 24574Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24574Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Amherst 24521Balanced $191 /sq ft Madison Heights 24572Seller’s market $167 /sq ft Browse all markets →

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