Is Speedwell, VA 24374 a buyer’s or seller’s market?
Speedwell is a seller’s market. With about 2.1 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 Speedwell housing market right now
In the three months ending August 31, 2026, 0% of homes in Speedwell, VA 24374 sold above their list price, the typical home went under contract in 118 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Within Wythe County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Max Meadows 24360 (29% sold over asking) and Wytheville 24382 (19% sold over asking) are even more competitive.
Run the numbers for 24374
Nearby markets
Barren Springs 24313 — /sq ftCrockett 24323 — /sq ftIvanhoe 24350Buyer’s market $208 /sq ftMax Meadows 24360Seller’s market $157 /sq ft Browse all markets →Where Speedwell is
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Questions about Speedwell real estate
Is Speedwell a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Speedwell, VA 24374 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 Speedwell?
The typical home went under contract in 118 days in the latest three months.
Do homes in Speedwell sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.
What are property taxes in Speedwell?
About 0.53% of a home’s value a year in Wythe County, or roughly $2,120 on a $400,000 home.
What is the median home price in Speedwell?
The median sale price was $229,901 in the three months ending August 31, 2026, about $145 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