OfferBackedBuyer Tools

Is Meadows Of Dan, VA 24120 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Meadows Of Dan is a buyer’s market. With about 10.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply10.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94.1%Sold price ÷ list price
Median days on market176Listing to accepted offer
Median price per sq ft$220▼ −49.0% vs. last year

The Meadows Of Dan housing market right now

In the three months ending August 31, 2026, 0% of homes in Meadows Of Dan, VA 24120 sold above their list price, the typical home went under contract in 176 days and there were 10.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 was about the same (0% then), homes sold more slowly (157 days then) and the median sale price fell 54% to $540,766. Overall, Meadows Of Dan is less competitive than a year ago, which gives buyers more room.

Within Patrick County, homes here sell less often over asking than in any other ZIP code in the county.

Run the numbers for 24120

Prefilled for 24120Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24120Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ararat 24053 — /sq ftClaudville 24076 — /sq ftCritz 24082 $33 /sq ftPatrick Springs 24133Buyer’s market $142 /sq ft Browse all markets →

Towns like Meadows Of Dan nearby

Find towns like Meadows Of Dan in other states →
Glade Valley, NC28627 · 39 miles away85% similarpricier homes ($41K more) · newer homes Germanton, NC27019 · 33 miles away80% similarlarger · newer homes Fancy Gap, VA24328 · 17 miles away78% similarcheaper homes ($40K less) · older residents Danbury, NC27016 · 21 miles away76% similarcheaper homes ($28K less) · younger residents

Where Meadows Of Dan is

Loading map…

Questions about Meadows Of Dan real estate

Is Meadows Of Dan a buyer’s or seller’s market?

A buyer’s market: there were 10.1 months of supply in Meadows Of Dan, VA 24120 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 Meadows Of Dan?

The typical home went under contract in 176 days in the latest three months.

Do homes in Meadows Of Dan sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.1% of the list price.

What are property taxes in Meadows Of Dan?

About 0.55% of a home’s value a year in Patrick County, or roughly $2,200 on a $400,000 home.

What is the median home price in Meadows Of Dan?

The median sale price was $540,766 in the three months ending August 31, 2026, about $220 per square foot.

Local agents

See all agents in 24120 →

No sponsored agents in 24120 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 24120

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Patrick County property taxesPatrick County loan limitsClosing costs in VirginiaHottest ZIP codes in Virginia
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology