Is Ridgeway, VA 24148 a buyer’s or seller’s market?
Ridgeway is a balanced market. With about 4.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Ridgeway housing market right now
In the three months ending August 31, 2026, 9% of homes in Ridgeway, VA 24148 sold above their list price, the typical home went under contract in 112 days and there were 4.7 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. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (7% then), homes sold more slowly (48 days then) and the median sale price rose 13% to $254,890. Overall, Ridgeway is less competitive than a year ago, which gives buyers more room.
Within Henry County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 50%.
Nearby, buyers who want less competition could look at Spencer 24165 (0% sold over asking) or Fieldale 24089 (0% sold over asking), while Collinsville 24078 (22% sold over asking) and Bassett 24055 (18% sold over asking) are even more competitive.
Run the numbers for 24148
Nearby markets
Axton 24054Seller’s market $58 /sq ftBassett 24055Buyer’s market $123 /sq ftCollinsville 24078Seller’s market $119 /sq ftFieldale 24089Buyer’s market $90 /sq ft Browse all markets →Towns like Ridgeway nearby
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Questions about Ridgeway real estate
Is Ridgeway a buyer’s or seller’s market?
A balanced market: there were 4.7 months of supply in Ridgeway, VA 24148 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 Ridgeway?
The typical home went under contract in 112 days in the latest three months.
Do homes in Ridgeway sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Ridgeway?
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 Ridgeway?
The median sale price was $254,890 in the three months ending August 31, 2026, about $136 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