Is Eagle Rock, VA 24085 a buyer’s or seller’s market?
Eagle Rock is a seller’s market. With about 3.2 months of supply and 17% 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 Eagle Rock housing market right now
In the three months ending August 31, 2026, 17% of homes in Eagle Rock, VA 24085 sold above their list price, the typical home went under contract in 25 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (52 days then) and the median sale price fell 21% to $336,854. Overall, Eagle Rock is more competitive than a year ago, so tougher for buyers.
Within Botetourt County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in 80%.
Nearby, buyers who want less competition could look at Daleville 24083 (12% sold over asking), while Cloverdale 24077 (33% sold over asking) and Buchanan 24066 (31% sold over asking) are even more competitive.
Run the numbers for 24085
Nearby markets
Buchanan 24066Seller’s market $136 /sq ftCloverdale 24077Seller’s market $194 /sq ftDaleville 24083Seller’s market $187 /sq ftFincastle 24090Seller’s market $136 /sq ft Browse all markets →Towns like Eagle Rock nearby
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Questions about Eagle Rock real estate
Is Eagle Rock a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Eagle Rock, VA 24085 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 Eagle Rock?
The typical home went under contract in 25 days in the latest three months.
Do homes in Eagle Rock sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 95.5% of the list price.
What are property taxes in Eagle Rock?
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 Eagle Rock?
The median sale price was $336,854 in the three months ending August 31, 2026, about $175 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