Is Banco, VA 22711 a buyer’s or seller’s market?
Banco is a seller’s market. With about 3.2 months of supply and 0% 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.
The Banco housing market right now
In the three months ending August 31, 2026, 0% of homes in Banco, VA 22711 sold above their list price, the typical home went under contract in 29 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Within Madison County, homes here sell faster than in 82% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Reva 22735 (57% sold over asking) and Madison 22727 (31% sold over asking) are even more competitive.
Run the numbers for 22711
Nearby markets
Aroda 22709Seller’s market $220 /sq ftBrightwood 22715Seller’s market $210 /sq ftEtlan 22719Seller’s market $389 /sq ftHaywood 22722Buyer’s market $308 /sq ft Browse all markets →Where Banco is
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Questions about Banco real estate
Is Banco a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Banco, VA 22711 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Banco?
The typical home went under contract in 29 days in the latest three months.
Do homes in Banco sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Banco?
About 0.53% of a home’s value a year in Madison County, or roughly $2,120 on a $400,000 home.
What is the median home price in Banco?
The median sale price was $535,768 in the three months ending August 31, 2026, about $497 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology