Is Montvale, VA 24122 a buyer’s or seller’s market?
Montvale is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Montvale housing market right now
In the three months ending August 31, 2026, 25% of homes in Montvale, VA 24122 sold above their list price, the typical home went under contract in 13 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Within Bedford County, homes here sell faster than in 91% of the county’s ZIP codes, and sell more often over asking than in 73%.
Nearby, buyers who want less competition could look at Big Island 24526 (0% sold over asking) or Blue Ridge 24064 (7% sold over asking), while Thaxton 24174 (43% sold over asking) and Vinton 24179 (33% sold over asking) are even more competitive.
Run the numbers for 24122
Nearby markets
Bedford 24523Seller’s market $188 /sq ftBig Island 24526Buyer’s market $232 /sq ftBlue Ridge 24064Balanced $162 /sq ftColeman Falls 24536 — /sq ft Browse all markets →Towns like Montvale nearby
Find towns like Montvale in other states →Where Montvale is
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Questions about Montvale real estate
Is Montvale a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Montvale, VA 24122 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 Montvale?
The typical home went under contract in 13 days in the latest three months.
Do homes in Montvale sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 100.9% of the list price.
What are property taxes in Montvale?
About 0.43% of a home’s value a year in Bedford County, or roughly $1,720 on a $400,000 home.
What is the median home price in Montvale?
The median sale price was $261,087 in the three months ending August 31, 2026, about $137 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