Is Narrows, VA 24124 a buyer’s or seller’s market?
Narrows is a seller’s market. With about 3.6 months of supply and 25% 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 49% of U.S. ZIP codes, and #259 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 Narrows housing market right now
In the three months ending August 31, 2026, 25% of homes in Narrows, VA 24124 sold above their list price, the typical home went under contract in 14 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 16 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold more slowly (12 days then) and the median sale price fell 3% to $219,905. Overall, Narrows is less competitive than a year ago, which gives buyers more room.
Within Giles County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Narrows ranks #259 of 358 VA ZIP codes with enough sales (score 48 out of 100).
Nearby, buyers who want less competition could look at Ripplemead 24150 (0% sold over asking) or Rich Creek 24147 (0% sold over asking), while Staffordsville 24167 (100% sold over asking) and Pembroke 24136 (30% sold over asking) are even more competitive.
Run the numbers for 24124
Nearby markets
Eggleston 24086 — /sq ftNewport 24128Seller’s market $202 /sq ftPearisburg 24134Seller’s market $152 /sq ftPembroke 24136Balanced $143 /sq ft Browse all markets →Towns like Narrows nearby
Find towns like Narrows in other states →Where Narrows is
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Questions about Narrows real estate
Is Narrows a buyer’s or seller’s market?
A seller’s market: there were 3.6 months of supply in Narrows, VA 24124 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 Narrows?
The typical home went under contract in 14 days in the latest three months.
Do homes in Narrows sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.
What are property taxes in Narrows?
About 0.61% of a home’s value a year in Giles County, or roughly $2,440 on a $400,000 home.
What is the median home price in Narrows?
The median sale price was $219,905 in the three months ending August 31, 2026, about $158 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