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Is Rocky Gap, VA 24366 a buyer’s or seller’s market?

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

Rocky Gap is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market115Listing to accepted offer
Median price per sq ft$89▼ −34.4% vs. last year

The Rocky Gap housing market right now

In the three months ending August 31, 2026, 0% of homes in Rocky Gap, VA 24366 sold above their list price, the typical home went under contract in 115 days and there were 9.6 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 was about the same (0% then), homes sold faster (142 days then) and the median sale price fell 62% to $94,959. Overall, Rocky Gap is more competitive than a year ago, so tougher for buyers.

Run the numbers for 24366

Prefilled for 24366Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24366Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bastian 24314Buyer’s market $153 /sq ftBland 24315Buyer’s market $147 /sq ftCeres 24318 — /sq ft Browse all markets →

Where Rocky Gap is

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Questions about Rocky Gap real estate

Is Rocky Gap a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in Rocky Gap, VA 24366 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 Rocky Gap?

The typical home went under contract in 115 days in the latest three months.

Do homes in Rocky Gap sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Rocky Gap?

About 0.56% of a home’s value a year in Bland County, or roughly $2,240 on a $400,000 home.

What is the median home price in Rocky Gap?

The median sale price was $94,959 in the three months ending August 31, 2026, about $89 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