Locust Grove, VA Home Values & Market Trends
Real estate market trends reflect that there have been 350 transactions over the past year in Locust Grove. The median value for residential home transactions that occurred over the previous year is $404,335.71. The number of current listings in Locust Grove is 48, and the percentage of properties for sale in the city is 48.00%. Locust Grove, VA currently has 7 properties in foreclosure, 0 bank owned properties, 7 properties headed for auction, and 48 properties for sale.
Locust Grove, VA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 22508 | $ 442,197 $ 202/sqft |
Housing Market Summary for Locust Grove, VA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $360K | $400.4K | 11.22% |
| Median Sold Price | $368K | $400.4K | 8.80% |
| Homes For Sale | 49 | 45 | -8.16% |
| Homes Sold | 155 | 164 | 5.81% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Locust Grove, VA
Locust Grove home values range from $32,116 to $2,101,388. The median estimated value of a home in Locust Grove is $404,335.71. The median list price of a home is 394,949.5, and the total count of properties in the city is 6,809.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Locust Grove, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Locust Grove, VA; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Locust Grove, VA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Locust Grove, VA. There is 1 zips within Locust Grove, VA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions22508 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Locust Grove, VA. Auction homes and other auction properties account for 0.10% of all properties in Locust Grove, VA. There is 1 zips within Locust Grove, VA; of that zips, the median estimated home value for homes going to auction ranges from $524,344 in 22508 to the lowest value of $265,971 in 22508.
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Guide for Locust Grove, VA
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