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Is Big Island, VA 24526 a buyer’s or seller’s market?

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

Big Island is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply16Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market47Listing to accepted offer
Median price per sq ft$232

The Big Island housing market right now

In the three months ending August 31, 2026, 0% of homes in Big Island, VA 24526 sold above their list price, the typical home went under contract in 47 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.

Within Bedford County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Thaxton 24174 (43% sold over asking) and Vinton 24179 (33% sold over asking) are even more competitive.

Run the numbers for 24526

Prefilled for 24526Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24526Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bedford 24523Seller’s market $188 /sq ftBlue Ridge 24064Balanced $162 /sq ftColeman Falls 24536 — /sq ftForest 24551Seller’s market $187 /sq ft Browse all markets →

Towns like Big Island nearby

Find towns like Big Island in other states →
Roseland, VA22967 · 30 miles away80% similarlarger · younger residents Goode, VA24556 · 11 miles away79% similarpricier homes ($158K more) · larger Spout Spring, VA24593 · 29 miles away79% similaryounger residents · more homeowners Concord, VA24538 · 26 miles away78% similarcheaper homes ($41K less) · larger

Where Big Island is

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Questions about Big Island real estate

Is Big Island a buyer’s or seller’s market?

A buyer’s market: there were 16 months of supply in Big Island, VA 24526 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 Big Island?

The typical home went under contract in 47 days in the latest three months.

Do homes in Big Island sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Big Island?

About 0.43% of a home’s value a year in Bedford County, or roughly $1,720 on a $400,000 home.

What is the median home price in Big Island?

The median sale price was $64,872 in the three months ending August 31, 2026, about $232 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