Is Mc Gaheysville, VA 22840 a buyer’s or seller’s market?

The Mc Gaheysville housing market right now

In the three months ending August 31, 2026, 38% of homes in Mc Gaheysville, VA 22840 sold above their list price, the typical home went under contract in 20 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 35 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 12%, homes sold more slowly (17 days then) and the median sale price fell 5% to $534,269. Overall, Mc Gaheysville is more competitive than a year ago, so tougher for buyers.

Within Rockingham County, homes here sell more slowly than in 54% of the county’s ZIP codes, and sell more often over asking than in 69%. On our competition score, Mc Gaheysville ranks #103 of 358 VA ZIP codes with enough sales (score 72 out of 100).

Nearby, buyers who want less competition could look at Port Republic 24471 (0% sold over asking) or Singers Glen 22850 (0% sold over asking), while Fulks Run 22830 (100% sold over asking) and Bridgewater 22812 (50% sold over asking) are even more competitive.