Grundy, VA 24614 housing market

What this means

• Prices. Home values are down 6.8% over the past year (U.S.: +1.2%), 19% below their 2022-23 peak.
• Supply. Listings are 17% below the 2017-19 norm and rising (+67% vs. a year ago), still somewhat tight.
• Negotiating. Buyer leverage is high (95/100; U.S.: 54): homes sell for about 10.6% below their final list price; 25% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 16% of the median household income (U.S.: 35%); it takes about $22k a year to keep the payment at 30% of gross pay. That includes about $1,029 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $222 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. No clear direction: likely −9% to +8% over the next 12 months (55% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.7% to +7.6% (80% range; middle estimate +0.6%), chance of a rise 55%, of a 5%+ drop 19%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

Other ZIP codes in Buchanan County, VA