Is Jewell Ridge, VA 24622 a buyer’s or seller’s market?
Jewell Ridge is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Jewell Ridge housing market right now
In the three months ending August 31, 2026, 0% of homes in Jewell Ridge, VA 24622 sold above their list price, the typical home went under contract in 49 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, 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 (22 days then) and the median sale price fell 45% to $60,974. Overall, Jewell Ridge is less competitive than a year ago, which gives buyers more room.
Run the numbers for 24622
Nearby markets
Davenport 24239 — /sq ftGrundy 24614Balanced $91 /sq ftHurley 24620 — /sq ftOakwood 24631Buyer’s market $77 /sq ft Browse all markets →Where Jewell Ridge is
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Questions about Jewell Ridge real estate
Is Jewell Ridge a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Jewell Ridge, VA 24622 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 Jewell Ridge?
The typical home went under contract in 49 days in the latest three months.
Do homes in Jewell Ridge sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.6% of the list price.
What are property taxes in Jewell Ridge?
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 Jewell Ridge?
The median sale price was $60,974 in the three months ending August 31, 2026, about $64 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