Is Troutville, VA 24175 a buyer’s or seller’s market?

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

Troutville is a seller’s market. With about 2.6 months of supply and 21% 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.

Competition score66/ 100

More competitive than 70% of U.S. ZIP codes, and #141 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

Months of supply2.6Under 4 months = seller’s market
Sold above original list20.5%Share of sales, last 3 months
Median sale-to-list100.8%Sold price ÷ list price
Median days on market23Listing to accepted offer
Median price per sq ft$167▼ −2.2% vs. last year

The Troutville housing market right now

In the three months ending August 31, 2026, 21% of homes in Troutville, VA 24175 sold above their list price, the typical home went under contract in 23 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 40 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (19% then), homes sold more slowly (11 days then) and the median sale price held steady to $339,853. Overall, Troutville is about as competitive as it was a year ago.

Within Botetourt County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Troutville ranks #141 of 358 VA ZIP codes with enough sales (score 66 out of 100).

Nearby, buyers who want less competition could look at Daleville 24083 (12% sold over asking) or Eagle Rock 24085 (17% sold over asking), while Cloverdale 24077 (33% sold over asking) and Buchanan 24066 (31% sold over asking) are even more competitive.

Nearby markets

Buchanan 24066Seller’s market $136 /sq ftCloverdale 24077Seller’s market $194 /sq ftDaleville 24083Seller’s market $187 /sq ftEagle Rock 24085Seller’s market $175 /sq ft Browse all markets →

Where Troutville is

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Questions about Troutville real estate

Is Troutville a buyer’s or seller’s market?

A seller’s market: there were 2.6 months of supply in Troutville, VA 24175 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 Troutville?

The typical home went under contract in 23 days in the latest three months.

Do homes in Troutville sell over asking?

21% of homes sold above their original list price, and the typical sale closed at 100.8% of the list price.

What are property taxes in Troutville?

About 0.64% of a home’s value a year in Botetourt County, or roughly $2,560 on a $400,000 home.

What is the median home price in Troutville?

The median sale price was $339,853 in the three months ending August 31, 2026, about $167 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