Is Grundy, VA 24614 a buyer’s or seller’s market?

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

Grundy 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 list0%Share of sales, last 3 months
Median sale-to-list89.4%Sold price ÷ list price
Median days on market98Listing to accepted offer
Median price per sq ft$91▲ +16.9% vs. last year

The Grundy housing market right now

In the three months ending August 31, 2026, 0% of homes in Grundy, VA 24614 sold above their list price, the typical home went under contract in 98 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 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 was about the same (0% then), homes sold more slowly (89 days then) and the median sale price fell 8% to $140,939. Overall, Grundy is less competitive than a year ago, which gives buyers more room.

Nearby markets

Davenport 24239 — /sq ftHurley 24620 — /sq ftJewell Ridge 24622Seller’s market $64 /sq ftOakwood 24631Buyer’s market $77 /sq ft Browse all markets →

Where Grundy is

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Questions about Grundy real estate

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

A balanced market: there were 5 months of supply in Grundy, VA 24614 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 Grundy?

The typical home went under contract in 98 days in the latest three months.

Do homes in Grundy sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 89.4% of the list price.

What are property taxes in Grundy?

About 0.44% of a home’s value a year in Buchanan County, or roughly $1,760 on a $400,000 home.

What is the median home price in Grundy?

The median sale price was $140,939 in the three months ending August 31, 2026, about $91 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