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Is Dungannon, VA 24245 a buyer’s or seller’s market?

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

Dungannon is a buyer’s market. With about 10.7 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply10.7Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.5%Sold price ÷ list price
Median days on market31Listing to accepted offer
Median price per sq ft$77▼ −43.7% vs. last year

The Dungannon housing market right now

In the three months ending August 31, 2026, 0% of homes in Dungannon, VA 24245 sold above their list price, the typical home went under contract in 31 days and there were 10.7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 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) and the median sale price fell 47% to $88,262. Overall, Dungannon is less competitive than a year ago, which gives buyers more room.

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

Nearby, Nickelsville 24271 (100% sold over asking) and Hiltons 24258 (50% sold over asking) are even more competitive.

Run the numbers for 24245

Prefilled for 24245Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24245Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Duffield 24244Buyer’s market $116 /sq ftFort Blackmore 24250 — /sq ftGate City 24251Balanced $115 /sq ftHiltons 24258Seller’s market $134 /sq ft Browse all markets →

Towns like Dungannon nearby

Find towns like Dungannon in other states →
Saint Paul, VA24283 · 11 miles away73% similarlarger · 8 min shorter commute Pennington Gap, VA24277 · 30 miles away60% similarlarger · 12 min shorter commute Jonesville, VA24263 · 37 miles away60% similarlarger · 10 min shorter commute Norton, VA24273 · 11 miles away58% similarlarger · 13 min shorter commute

Where Dungannon is

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Questions about Dungannon real estate

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

A buyer’s market: there were 10.7 months of supply in Dungannon, VA 24245 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 Dungannon?

The typical home went under contract in 31 days in the latest three months.

Do homes in Dungannon sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 95.5% of the list price.

What are property taxes in Dungannon?

About 0.62% of a home’s value a year in Scott County, or roughly $2,480 on a $400,000 home.

What is the median home price in Dungannon?

The median sale price was $88,262 in the three months ending August 31, 2026, about $77 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