Is Buffalo Junction, VA 24529 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Buffalo Junction is a balanced market. With about 5.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.5Under 4 months = seller’s market
Sold above original list14.3%Share of sales, last 3 months
Median sale-to-list93.2%Sold price ÷ list price
Median days on market107Listing to accepted offer
Median price per sq ft$245▲ +64.4% vs. last year

The Buffalo Junction housing market right now

In the three months ending August 31, 2026, 14% of homes in Buffalo Junction, VA 24529 sold above their list price, the typical home went under contract in 107 days and there were 5.5 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. With only 7 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 33%, homes sold more slowly (90 days then) and the median sale price rose 24% to $354,846. Overall, Buffalo Junction is less competitive than a year ago, which gives buyers more room.

Within Mecklenburg County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in 62%.

Nearby, buyers who want less competition could look at Baskerville 23915 (0% sold over asking) or Clarksville 23927 (4% sold over asking), while La Crosse 23950 (50% sold over asking) and Skipwith 23968 (50% sold over asking) are even more competitive.

Nearby markets

Baskerville 23915 $119 /sq ftBoydton 23917Buyer’s market $187 /sq ftBracey 23919Balanced $203 /sq ftChase City 23924Balanced $122 /sq ft Browse all markets →

Where Buffalo Junction is

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Questions about Buffalo Junction real estate

Is Buffalo Junction a buyer’s or seller’s market?

A balanced market: there were 5.5 months of supply in Buffalo Junction, VA 24529 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 Buffalo Junction?

The typical home went under contract in 107 days in the latest three months.

Do homes in Buffalo Junction sell over asking?

14% of homes sold above their original list price, and the typical sale closed at 93.2% of the list price.

What are property taxes in Buffalo Junction?

About 0.45% of a home’s value a year in Mecklenburg County, or roughly $1,800 on a $400,000 home.

What is the median home price in Buffalo Junction?

The median sale price was $354,846 in the three months ending August 31, 2026, about $245 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