Is Locust Dale, VA 22948 a buyer’s or seller’s market?
Locust Dale is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Locust Dale housing market right now
In the three months ending August 31, 2026, 0% of homes in Locust Dale, VA 22948 sold above their list price and the typical home went under contract in 275 days. With only 1 sale, these figures can swing a lot from month to month.
Within Madison County, homes here sell more slowly, and 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 22948
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 Locust Dale is
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Questions about Locust Dale real estate
How fast do homes sell in Locust Dale?
The typical home went under contract in 275 days in the latest three months.
Do homes in Locust Dale sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.
What are property taxes in Locust Dale?
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 Locust Dale?
The median sale price was $534,769 in the three months ending August 31, 2026, about $157 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