Is Bassett, VA 24055 a buyer’s or seller’s market?

The Bassett housing market right now

In the three months ending August 31, 2026, 18% of homes in Bassett, VA 24055 sold above their list price, the typical home went under contract in 72 days and there were 6.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 23 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 27%, homes sold more slowly (45 days then) and the median sale price rose 11% to $208,910. Overall, Bassett is less competitive than a year ago, which gives buyers more room.

Within Henry County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 83%. On our competition score, Bassett ranks #339 of 358 VA ZIP codes with enough sales (score 20 out of 100).

Nearby, buyers who want less competition could look at Spencer 24165 (0% sold over asking) or Fieldale 24089 (0% sold over asking), while Collinsville 24078 (22% sold over asking) is even more competitive.