Is Raphine, VA 24472 a buyer’s or seller’s market?
Raphine 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 Raphine housing market right now
In the three months ending August 31, 2026, 0% of homes in Raphine, VA 24472 sold above their list price, the typical home went under contract in 83 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 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 22%, homes sold more slowly (52 days then) and the median sale price rose 68% to $561,757. Overall, Raphine is less competitive than a year ago, which gives buyers more room.
Within Rockbridge County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Glasgow 24555 (40% sold over asking) and Rockbridge Baths 24473 (25% sold over asking) are even more competitive.
Run the numbers for 24472
Nearby markets
Buena Vista 24416Seller’s market $150 /sq ftFairfield 24435Seller’s market $218 /sq ftGlasgow 24555Seller’s market $158 /sq ftGoshen 24439Buyer’s market $257 /sq ft Browse all markets →Towns like Raphine nearby
Find towns like Raphine in other states →Where Raphine is
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Questions about Raphine real estate
Is Raphine a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Raphine, VA 24472 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 Raphine?
The typical home went under contract in 83 days in the latest three months.
Do homes in Raphine sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.8% of the list price.
What are property taxes in Raphine?
About 0.60% of a home’s value a year in Rockbridge County, or roughly $2,400 on a $400,000 home.
What is the median home price in Raphine?
The median sale price was $561,757 in the three months ending August 31, 2026, about $268 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