Is Tazewell, VA 24651 a buyer’s or seller’s market?
Tazewell is a seller’s market. With about 3.7 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.
More competitive than 8% of U.S. ZIP codes, and #349 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Tazewell housing market right now
In the three months ending August 31, 2026, 0% of homes in Tazewell, VA 24651 sold above their list price, the typical home went under contract in 59 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 19 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (61 days then) and the median sale price rose 43% to $209,859. Overall, Tazewell is less competitive than a year ago, which gives buyers more room.
Within Tazewell County, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Tazewell ranks #349 of 358 VA ZIP codes with enough sales (score 14 out of 100).
Nearby, North Tazewell 24630 (38% sold over asking) and Cedar Bluff 24609 (17% sold over asking) are even more competitive.
Run the numbers for 24651
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 Tazewell nearby
Find towns like Tazewell in other states →Where Tazewell is
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Questions about Tazewell real estate
Is Tazewell a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Tazewell, VA 24651 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 Tazewell?
The typical home went under contract in 59 days in the latest three months.
Do homes in Tazewell sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.8% of the list price.
What are property taxes in 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 Tazewell?
The median sale price was $209,859 in the three months ending August 31, 2026, about $120 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