Is Collinsville, VA 24078 a buyer’s or seller’s market?
Collinsville is a seller’s market. With about 3.6 months of supply and 22% 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.
More competitive than 43% of U.S. ZIP codes, and #273 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Collinsville housing market right now
In the three months ending August 31, 2026, 22% of homes in Collinsville, VA 24078 sold above their list price, the typical home went under contract in 64 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 19 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (24% then), homes sold faster (69 days then) and the median sale price fell 7% to $171,426. Overall, Collinsville is about as competitive as it was a year ago.
Within Henry County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Collinsville ranks #273 of 358 VA ZIP codes with enough sales (score 43 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).
Run the numbers for 24078
Nearby markets
Axton 24054Seller’s market $58 /sq ftBassett 24055Buyer’s market $123 /sq ftFieldale 24089Buyer’s market $90 /sq ftMartinsville 24112Balanced $104 /sq ft Browse all markets →Towns like Collinsville nearby
Find towns like Collinsville in other states →Where Collinsville is
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Questions about Collinsville real estate
Is Collinsville a buyer’s or seller’s market?
A seller’s market: there were 3.6 months of supply in Collinsville, VA 24078 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 Collinsville?
The typical home went under contract in 64 days in the latest three months.
Do homes in Collinsville sell over asking?
22% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Collinsville?
About 0.47% of a home’s value a year in Henry County, or roughly $1,880 on a $400,000 home.
What is the median home price in Collinsville?
The median sale price was $171,426 in the three months ending August 31, 2026, about $119 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