Is Rochelle, VA 22738 a buyer’s or seller’s market?
Rochelle is a seller’s market. With about 0.9 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 Rochelle housing market right now
In the three months ending August 31, 2026, 0% of homes in Rochelle, VA 22738 sold above their list price, the typical home went under contract in 46 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (3 days then) and the median sale price rose 7% to $374,838. Overall, Rochelle is less competitive than a year ago, which gives buyers more room.
Within Madison County, homes here sell faster than in 64% 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 22738
Nearby markets
Aroda 22709Seller’s market $220 /sq ftBanco 22711Seller’s market $497 /sq ftBrightwood 22715Seller’s market $210 /sq ftEtlan 22719Seller’s market $389 /sq ft Browse all markets →Where Rochelle is
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Questions about Rochelle real estate
Is Rochelle a buyer’s or seller’s market?
A seller’s market: there were 0.9 months of supply in Rochelle, VA 22738 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 Rochelle?
The typical home went under contract in 46 days in the latest three months.
Do homes in Rochelle sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in Rochelle?
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 Rochelle?
The median sale price was $374,838 in the three months ending August 31, 2026, about $326 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