Is Buchanan, VA 24066 a buyer’s or seller’s market?
Buchanan is a seller’s market. With about 3.4 months of supply and 31% 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 Buchanan housing market right now
In the three months ending August 31, 2026, 31% of homes in Buchanan, VA 24066 sold above their list price, the typical home went under contract in 11 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 15%, homes sold faster (15 days then) and the median sale price rose 7% to $294,872. Overall, Buchanan is more competitive than a year ago, so tougher for buyers.
Within Botetourt County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 80%.
Nearby, buyers who want less competition could look at Daleville 24083 (12% sold over asking) or Eagle Rock 24085 (17% sold over asking), while Cloverdale 24077 (33% sold over asking) is even more competitive.
Run the numbers for 24066
Nearby markets
Cloverdale 24077Seller’s market $194 /sq ftDaleville 24083Seller’s market $187 /sq ftEagle Rock 24085Seller’s market $175 /sq ftFincastle 24090Seller’s market $136 /sq ft Browse all markets →Towns like Buchanan nearby
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Questions about Buchanan real estate
Is Buchanan a buyer’s or seller’s market?
A seller’s market: there were 3.4 months of supply in Buchanan, VA 24066 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 Buchanan?
The typical home went under contract in 11 days in the latest three months.
Do homes in Buchanan sell over asking?
31% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Buchanan?
About 0.64% of a home’s value a year in Botetourt County, or roughly $2,560 on a $400,000 home.
What is the median home price in Buchanan?
The median sale price was $294,872 in the three months ending August 31, 2026, about $136 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