Is Pounding Mill, VA 24637 a buyer’s or seller’s market?
Pounding Mill is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Pounding Mill housing market right now
In the three months ending August 31, 2026, 0% of homes in Pounding Mill, VA 24637 sold above their list price, the typical home went under contract in 64 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 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 22%, homes sold faster (74 days then) and the median sale price rose 81% to $299,870. Overall, Pounding Mill is less competitive than a year ago, which gives buyers more room.
Within Tazewell County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, North Tazewell 24630 (38% sold over asking) and Cedar Bluff 24609 (17% sold over asking) are even more competitive.
Run the numbers for 24637
Nearby markets
Bandy 24602 — /sq ftBluefield 24605Balanced $105 /sq ftBroadford 24316 $147 /sq ftCedar Bluff 24609Buyer’s market $101 /sq ft Browse all markets →Towns like Pounding Mill nearby
Find towns like Pounding Mill in other states →Where Pounding Mill is
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Questions about Pounding Mill real estate
Is Pounding Mill a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Pounding Mill, VA 24637 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 Pounding Mill?
The typical home went under contract in 64 days in the latest three months.
Do homes in Pounding Mill sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.3% of the list price.
What are property taxes in Pounding Mill?
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 Pounding Mill?
The median sale price was $299,870 in the three months ending August 31, 2026, about $124 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