Is Amherst, VA 24521 a buyer’s or seller’s market?
Amherst is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 36% of U.S. ZIP codes, and #301 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
The Amherst housing market right now
In the three months ending August 31, 2026, 14% of homes in Amherst, VA 24521 sold above their list price, the typical home went under contract in 21 days and there were 5.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 22 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold faster (30 days then) and the median sale price rose 42% to $368,840. Overall, Amherst is more competitive than a year ago, so tougher for buyers.
On our competition score, Amherst ranks #301 of 358 VA ZIP codes with enough sales (score 37 out of 100).
Nearby, Monroe 24574 (31% sold over asking) and Madison Heights 24572 (29% sold over asking) are even more competitive.
Run the numbers for 24521
Nearby markets
Madison Heights 24572Seller’s market $167 /sq ftMonroe 24574Seller’s market $213 /sq ft Browse all markets →Towns like Amherst nearby
Find towns like Amherst in other states →Where Amherst is
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Questions about Amherst real estate
Is Amherst a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Amherst, VA 24521 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 Amherst?
The typical home went under contract in 21 days in the latest three months.
Do homes in Amherst sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.
What are property taxes in Amherst?
About 0.46% of a home’s value a year in Amherst County, or roughly $1,840 on a $400,000 home.
What is the median home price in Amherst?
The median sale price was $368,840 in the three months ending August 31, 2026, about $191 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