Is North Tazewell, VA 24630 a buyer’s or seller’s market?

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

North Tazewell is a buyer’s market. With about 6.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.8Under 4 months = seller’s market
Sold above original list37.5%Share of sales, last 3 months
Median sale-to-list98.9%Sold price ÷ list price
Median days on market70Listing to accepted offer
Median price per sq ft$96▲ +1.9% vs. last year

The North Tazewell housing market right now

In the three months ending August 31, 2026, 38% of homes in North Tazewell, VA 24630 sold above their list price, the typical home went under contract in 70 days and there were 6.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 18%, homes sold faster (102 days then) and the median sale price rose 13% to $158,431. Overall, North Tazewell is more competitive than a year ago, so tougher for buyers.

Within Tazewell County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at Tazewell 24651 (0% sold over asking) or Pounding Mill 24637 (0% sold over asking).

Nearby markets

Bandy 24602 — /sq ftBluefield 24605Balanced $105 /sq ftBroadford 24316 $147 /sq ftCedar Bluff 24609Buyer’s market $101 /sq ft Browse all markets →

Where North Tazewell is

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Questions about North Tazewell real estate

Is North Tazewell a buyer’s or seller’s market?

A buyer’s market: there were 6.8 months of supply in North Tazewell, VA 24630 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 North Tazewell?

The typical home went under contract in 70 days in the latest three months.

Do homes in North Tazewell sell over asking?

38% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.

What are property taxes in North Tazewell?

About 0.62% of a home’s value a year in Tazewell County, or roughly $2,480 on a $400,000 home.

What is the median home price in North Tazewell?

The median sale price was $158,431 in the three months ending August 31, 2026, about $96 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