Is Fieldale, VA 24089 a buyer’s or seller’s market?
Fieldale is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Fieldale housing market right now
In the three months ending August 31, 2026, 0% of homes in Fieldale, VA 24089 sold above their list price, the typical home went under contract in 108 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 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 20%, homes sold more slowly (28 days then) and the median sale price fell 2% to $146,936. Overall, Fieldale is less competitive than a year ago, which gives buyers more room.
Within Henry County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Collinsville 24078 (22% sold over asking) and Bassett 24055 (18% sold over asking) are even more competitive.
Run the numbers for 24089
Nearby markets
Axton 24054Seller’s market $58 /sq ftBassett 24055Buyer’s market $123 /sq ftCollinsville 24078Seller’s market $119 /sq ftMartinsville 24112Balanced $104 /sq ft Browse all markets →Towns like Fieldale nearby
Find towns like Fieldale in other states →Where Fieldale is
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Questions about Fieldale real estate
Is Fieldale a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Fieldale, VA 24089 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 Fieldale?
The typical home went under contract in 108 days in the latest three months.
Do homes in Fieldale sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.
What are property taxes in Fieldale?
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 Fieldale?
The median sale price was $146,936 in the three months ending August 31, 2026, about $90 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