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Is Honaker, VA 24260 a buyer’s or seller’s market?

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

Honaker is a buyer’s market. With about 32 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply32Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list103.1%Sold price ÷ list price
Median days on market139Listing to accepted offer
Median price per sq ft$141▲ +41.0% vs. last year

The Honaker housing market right now

In the three months ending August 31, 2026, 0% of homes in Honaker, VA 24260 sold above their list price, the typical home went under contract in 139 days and there were 32 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (348 days then) and the median sale price rose 20% to $180,422. Overall, Honaker is more competitive than a year ago, so tougher for buyers.

Run the numbers for 24260

Prefilled for 24260Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24260Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Castlewood 24224Balanced $112 /sq ftCleveland 24225Buyer’s market $252 /sq ftLebanon 24266Buyer’s market $135 /sq ftRosedale 24280 — /sq ft Browse all markets →

Towns like Honaker nearby

Find towns like Honaker in other states →
Pound, VA24279 · 32 miles away89% similar5 min shorter commute Haysi, VA24256 · 19 miles away88% similarsmaller Castlewood, VA24224 · 18 miles away87% similar6 min shorter commute Virgie, KY41572 · 38 miles away85% similarsmaller

Where Honaker is

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Questions about Honaker real estate

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

A buyer’s market: there were 32 months of supply in Honaker, VA 24260 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 Honaker?

The typical home went under contract in 139 days in the latest three months.

Do homes in Honaker sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 103.1% of the list price.

What are property taxes in Honaker?

About 0.48% of a home’s value a year in Russell County, or roughly $1,920 on a $400,000 home.

What is the median home price in Honaker?

The median sale price was $180,422 in the three months ending August 31, 2026, about $141 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