New - 3 days on Rocket
$3,076 Closing Credit¹
#1172807, Ronnie Collins, Listing Office: Keller Williams Realty Elite
Reed Creek Housing Market Report February 2025•Henry County, Virginia
Housing Prices in Reed Creek, VA
How much do homes in Reed Creek, VA cost?
Housing Market Conditions
Is Reed Creek, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Reed Creek is a Seller's Market
Difference Since January 2025
Last month, Reed Creek has remained a Seller's Market.
Insight
Reed Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$232,000$133/SqFt
+$47,000
+25.4%
Based on all homes sold in February 2025
Insight
Homes in Reed Creek have sold for 25.4% more than they did a month ago.
Summary: The median home sold price in Reed Creek was $232,000 in February 2025, up 25.4% from last month, and the median price per square foot was $133.
Median Sold Price By Cities
| City | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| Iriswood | $117K | $370K | +216.2% |
| Reed Creek | $185K | $232K | +25.4% |
Median Sold Price By Bedrooms
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | - | N/A |
| 33 Bedrooms | $185K | $232K | +25.4% |
| 44 Bedrooms | - | $245K | N/A |
| 55+ Bedrooms | - | - | N/A |
Summary: Reed Creek housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +25.4%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
Housing supply in Reed Creek, VA
How many homes are available in Reed Creek, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5Last MonthFeb 2025 | ||
| 52 months agoJan 2025 | 0.0 % Change MoMJan – Feb |
Summary: The Reed Creek real estate market had 5 homes for sale in Feb 2025, the same as Jan 2025
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthFeb 2025 | ||
| 12 months agoJan 2025 | +200.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 1 | +100.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 4 | 3 | -25.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
| 44 Bedrooms | 1 | 1 | 0.0% |
Summary: Reed Creek housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -25.0%. The inventory for 5 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Reed Creek, VA cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price3 Homes
Insight
If you're buying a home in Reed Creek, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Reed Creek in February 2025, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Reed Creek, VA
How long does it take to sell a home in Reed Creek, VA?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in Reed Creek has remained consistent over time.
Summary: During February 2025, 3 homes were sold in Reed Creek; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 70 DaysLast MonthFeb 2025 | ||
| 0 Days1 month agoJan 2025 | 0.0 % Change MoMJan – Feb |
Summary: Homes in Reed Creek had an average listing age of 70 days in Feb 2025, down by .0% compared to the previous month.
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Newest Listings in Reed Creek, VA
What homes are available in Reed Creek, VA?
$2,066 Closing Credit¹
#913742, Listing Office: THE SPENCER GROUP REAL ESTATE & AUCTION INC
#911452, Listing Office: MOUNTAIN TO LAKE REALTY
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MLS Disclaimers and Copyright
Based on information from Roanoke Valley Association of Realtors MLS, and Triad MLS Inc for the period 01/01/2025 - 03/01/2025
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: 3/12/2025, 11:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 11:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.