Is Grottoes, VA 24441 a buyer’s or seller’s market?

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

Grottoes is a seller’s market. With about 3.4 months of supply and 6% 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.

Competition score40/ 100

More competitive than 39% of U.S. ZIP codes, and #290 of 358 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply3.4Under 4 months = seller’s market
Sold above original list6.3%Share of sales, last 3 months
Median sale-to-list97.9%Sold price ÷ list price
Median days on market16Listing to accepted offer
Median price per sq ft$231▼ −2.4% vs. last year

The Grottoes housing market right now

In the three months ending August 31, 2026, 6% of homes in Grottoes, VA 24441 sold above their list price, the typical home went under contract in 16 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 28%, homes sold more slowly (13 days then) and the median sale price fell 19% to $269,883. Overall, Grottoes is less competitive than a year ago, which gives buyers more room.

Within Augusta County, homes here sell faster than in 56% of the county’s ZIP codes, and sell less often over asking than in 61%. On our competition score, Grottoes ranks #290 of 358 VA ZIP codes with enough sales (score 40 out of 100).

Nearby, buyers who want less competition could look at West Augusta 24485 (0% sold over asking) or Mount Sidney 24467 (0% sold over asking), while Mount Solon 22843 (100% sold over asking) and Weyers Cave 24486 (60% sold over asking) are even more competitive.

Nearby markets

Churchville 24421Seller’s market $201 /sq ftCraigsville 24430Seller’s market $196 /sq ftCrimora 24431Balanced $243 /sq ftDeerfield 24432 $136 /sq ft Browse all markets →

Where Grottoes is

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Questions about Grottoes real estate

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

A seller’s market: there were 3.4 months of supply in Grottoes, VA 24441 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 Grottoes?

The typical home went under contract in 16 days in the latest three months.

Do homes in Grottoes sell over asking?

6% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.

What are property taxes in Grottoes?

About 0.47% of a home’s value a year in Augusta County, or roughly $1,880 on a $400,000 home.

What is the median home price in Grottoes?

The median sale price was $269,883 in the three months ending August 31, 2026, about $231 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