Is Iron Gate, VA 24448 a buyer’s or seller’s market?
Iron Gate is a seller’s market. With about 3.2 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 Iron Gate housing market right now
In the three months ending August 31, 2026, 0% of homes in Iron Gate, VA 24448 sold above their list price, the typical home went under contract in 61 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Nearby, Clifton Forge 24422 (12% sold over asking) and Covington 24426 (10% sold over asking) are even more competitive.
Run the numbers for 24448
Nearby markets
Clifton Forge 24422Seller’s market $80 /sq ftCovington 24426Balanced $121 /sq ftSelma 24474 $43 /sq ft Browse all markets →Where Iron Gate is
Loading map…
Questions about Iron Gate real estate
Is Iron Gate a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Iron Gate, VA 24448 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 Iron Gate?
The typical home went under contract in 61 days in the latest three months.
Do homes in Iron Gate sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.4% of the list price.
What are property taxes in Iron Gate?
About 0.79% of a home’s value a year in Alleghany County, or roughly $3,160 on a $400,000 home.
What is the median home price in Iron Gate?
The median sale price was $226,502 in the three months ending August 31, 2026, about $93 per square foot.
Local agents
See all agents in 24448 →No sponsored agents in 24448 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 24448
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology