Is Callaway, VA 24067 a buyer’s or seller’s market?
Callaway is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Callaway housing market right now
In the three months ending August 31, 2026, 0% of homes in Callaway, VA 24067 sold above their list price, the typical home went under contract in 57 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold faster (75 days then) and the median sale price rose 14% to $414,821. Overall, Callaway is less competitive than a year ago, which gives buyers more room.
Within Franklin County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Ferrum 24088 (67% sold over asking) and Henry 24102 (67% sold over asking) are even more competitive.
Run the numbers for 24067
Nearby markets
Boones Mill 24065Seller’s market $169 /sq ftFerrum 24088Buyer’s market $163 /sq ftGlade Hill 24092Buyer’s market $132 /sq ftHardy 24101Balanced $232 /sq ft Browse all markets →Towns like Callaway nearby
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Questions about Callaway real estate
Is Callaway a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Callaway, VA 24067 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 Callaway?
The typical home went under contract in 57 days in the latest three months.
Do homes in Callaway sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in Callaway?
About 0.50% of a home’s value a year in Franklin County, or roughly $2,000 on a $400,000 home.
What is the median home price in Callaway?
The median sale price was $414,821 in the three months ending August 31, 2026, about $120 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