Is Rose Hill, VA 24281 a buyer’s or seller’s market?
Rose Hill is a seller’s market. With about 3.7 months of supply and 0% 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.
The Rose Hill housing market right now
In the three months ending August 31, 2026, 0% of homes in Rose Hill, VA 24281 sold above their list price, the typical home went under contract in 107 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, 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 50%, homes sold more slowly (13 days then) and the median sale price fell 30% to $104,955. Overall, Rose Hill is less competitive than a year ago, which gives buyers more room.
Within Lee County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Ewing 24248 (33% sold over asking) is even more competitive.
Run the numbers for 24281
Nearby markets
Blackwater 24221Buyer’s market $107 /sq ftDryden 24243Buyer’s market $119 /sq ftEwing 24248Buyer’s market $99 /sq ftJonesville 24263Seller’s market $105 /sq ft Browse all markets →Towns like Rose Hill nearby
Find towns like Rose Hill in other states →Where Rose Hill is
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Questions about Rose Hill real estate
Is Rose Hill a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Rose Hill, VA 24281 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 Rose Hill?
The typical home went under contract in 107 days in the latest three months.
Do homes in Rose Hill sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.0% of the list price.
What are property taxes in Rose Hill?
About 0.60% of a home’s value a year in Lee County, or roughly $2,400 on a $400,000 home.
What is the median home price in Rose Hill?
The median sale price was $104,955 in the three months ending August 31, 2026, about $76 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