New - 6 hours on Rocket
$3,918 Closing Credit¹
#VAOR2008842, Curtis Hartless, Listing Office: Ascendancy Realty LLC
Locust Grove Housing Market Report January 2025•Floyd County, Virginia
Housing Prices in Locust Grove, VA
How much do homes in Locust Grove, VA cost?
Housing Market Conditions
Is Locust Grove, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Locust Grove is a Neutral Market
Difference Since January 2024
At the same time last year, Locust Grove was a Seller's Market.
Insight
Locust Grove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$425,000$210/SqFt
+$19,000
+4.7%
Based on all homes sold in the last 12 months
Insight
Homes in Locust Grove have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Locust Grove was $425,000 in January 2025, up 4.7% from last year, and the median price per square foot was $210.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $153.7K | N/A |
| 22 Bedrooms | $265K | $289K | +9.1% |
| 33 Bedrooms | $370K | $385K | +4.1% |
| 44 Bedrooms | $442.4K | $479.4K | +8.4% |
| 55+ Bedrooms | $450K | $494.9K | +10.0% |
Summary: Locust Grove housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +9.1%. The home price for 3 bedroom homes increased by +4.1%. The home price for 4 bedroom homes increased by +8.4%. The home price for 5 bedroom homes increased by +10.0%.
Housing supply in Locust Grove, VA
How many homes are available in Locust Grove, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 124Last MonthJan 2025 | ||
| 1252 months agoDec 2024 | -0.8 % Change MoMDec – Jan |
Summary: The Locust Grove real estate market had 124 homes for sale in Jan 2025, a 0.8 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 18Last MonthJan 2025 | ||
| 332 months agoDec 2024 | -45.5 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 3 | 1 | -66.7% |
| 33 Bedrooms | 61 | 57 | -6.6% |
| 44 Bedrooms | 43 | 47 | +9.3% |
| 55+ Bedrooms | 18 | 19 | +5.6% |
Summary: Locust Grove housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -66.7%. The inventory for 3 bedroom homes decreased by -6.6%. The inventory for 4 bedroom homes increased by +9.3%. The inventory for 5 bedroom homes increased by +5.6%.
Asking Price vs. Sold Price
How much do homes in Locust Grove, VA cost?
Over Asking Price8 Homes
At Asking Price7 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in Locust Grove, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Locust Grove in January 2025, down by 45.5% month-over-month. Of the 18 sold homes, 17% were sold under asking, 39% were sold at asking, and and 44% were sold over asking.
Days on Market for Locust Grove, VA
How long does it take to sell a home in Locust Grove, VA?
Breakdown of Home Sale Times
Under 30 Days10 Homes
30 – 90 Days5 Homes
Over 90 Days3 Homes
Insight
Many homes in Locust Grove are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 18 homes were sold in Locust Grove; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 39 DaysThis YearJan 2025 | ||
| 61 Days1 year agoJan 2024 | -36.7 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Locust Grove had an average listing age of 39 days in Jan 2025, down by 36.7% compared to the previous year.
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Newest Listings in Locust Grove, VA
What homes are available in Locust Grove, VA?
New - 8 hours on Rocket
$6,294 Closing Credit¹
#VAOR2008788, Jay Day, Listing Office: LPT Realty, LLC
New - 8 hours on Rocket
$6,294 Closing Credit¹
#VAOR2008536, Default Agent Bright, Listing Office: LPT Realty, LLC
New - 8 hours on Rocket
$6,294 Closing Credit¹
#VAOR2008536, Jay Day, Listing Office: LPT Realty, LLC
New - 8 hours on Rocket
$5,047 Closing Credit¹
#2502886, Betty Westerlund, Listing Office: Town & Country Elite Realty LL
Coming soon
$4,452 Closing Credit¹
#VAOR2008816, Lauren M Cotton, Listing Office: Coldwell Banker Elite
New - 1 day on Rocket
$3,384 Closing Credit¹
#VAOR2008830, Melissa Syverson, Listing Office: EXP Realty, LLC
New - 2 days on Rocket
$3,384 Closing Credit¹
#VAOR2008830, Melissa A Syverson, Listing Office: EXP Realty, LLC
New - 3 days on Rocket
$5,313 Closing Credit¹
#VAOR2008828, Michelle Thompson, Listing Office: CTI Real Estate
New - 4 days on RocketBackup offers
$5,605 Closing Credit¹
#VAOR2008820, Jo-Anne R Lambert, Listing Office: United Real Estate Premier
New - 5 days on RocketVideo tour
$6,055 Closing Credit¹
#2500771, Emily Schroeder, Listing Office: MacDoc Property Management, LL
Coming soon
$5,094 Closing Credit¹
#VAOR2008800, Kelley L Cocho, Listing Office: Samson Properties
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MLS Disclaimers and Copyright
Based on information from BrightMLS, Charlottesville Area Association of Realtors MLS, Central Virginia Regional MLS, and Roanoke Valley Association of Realtors MLS for the period 02/01/2023 - 02/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/4/2025, 11:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Copyright © 2025 Charlottesville Area Association of Realtors®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/4/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service,LLC. All rights reservedData displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/4/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The unauthorized retrieval or use of this listing data is prohibited.
All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/4/2025, 11:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.