Is Chilhowie, VA 24319 a buyer’s or seller’s market?

The Chilhowie housing market right now

In the three months ending August 31, 2026, 8% of homes in Chilhowie, VA 24319 sold above their list price, the typical home went under contract in 90 days and there were 4.9 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 13 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold more slowly (64 days then) and the median sale price fell 3% to $219,905. Overall, Chilhowie is less competitive than a year ago, which gives buyers more room.

Within Smyth County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 50%.

Nearby, buyers who want less competition could look at Sugar Grove 24375 (0% sold over asking) or Atkins 24311 (0% sold over asking), while Saltville 24370 (10% sold over asking) is even more competitive.