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Is Concord, VA 24538 a buyer’s or seller’s market?

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

Concord is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5Under 4 months = seller’s market
Sold above original list14.3%Share of sales, last 3 months
Median sale-to-list99.4%Sold price ÷ list price
Median days on market14Listing to accepted offer
Median price per sq ft$191▼ −4.5% vs. last year

The Concord housing market right now

In the three months ending August 31, 2026, 14% of homes in Concord, VA 24538 sold above their list price, the typical home went under contract in 14 days and there were 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 42%, homes sold about as fast and the median sale price fell 2% to $305,268. Overall, Concord is less competitive than a year ago, which gives buyers more room.

Within Campbell County, homes here sell faster than in any other ZIP code in the county, and sell less often over asking than in 87%.

Nearby, Gladys 24554 (27% sold over asking) and Lynchburg 24501 (24% sold over asking) are even more competitive.

Run the numbers for 24538

Prefilled for 24538Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24538Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Altavista 24517Seller’s market $151 /sq ftBrookneal 24528Balanced $204 /sq ftEvington 24550Balanced $219 /sq ftGladys 24554Seller’s market $198 /sq ft Browse all markets →

Towns like Concord nearby

Find towns like Concord in other states →
Brookneal, VA24528 · 18 miles away85% similarcheaper homes ($61K less) · older homes Monroe, VA24574 · 18 miles away84% similarVery close on income, prices and more Spout Spring, VA24593 · 5 miles away83% similarpricier homes ($43K more) · smaller Madison Heights, VA24572 · 11 miles away81% similarlarger · younger residents

Where Concord is

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Questions about Concord real estate

Is Concord a buyer’s or seller’s market?

A balanced market: there were 5 months of supply in Concord, VA 24538 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 Concord?

The typical home went under contract in 14 days in the latest three months.

Do homes in Concord sell over asking?

14% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.

What are property taxes in Concord?

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

What is the median home price in Concord?

The median sale price was $305,268 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