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Forest, VA 24551 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Forest, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.12
ActiveActive listings: 4242PendingPending sales: 55
Forest, VA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $400k$400kSoldMedian sold price (last 6 months): $400k$400k
What homes actually sell for in Forest, VA
Distribution of 288 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $319k to $550k
$200k to $280k: 30 sales$200k$280k to $359k: 55 sales$359k to $439k: 71 sales71sales$359k$439k to $519k: 31 sales$519k to $598k: 27 sales$519k$598k to $678k: 25 sales$678k to $758k: 14 sales$678k$758k to $837k: 5 salesMedian $400k

What the numbers say

As of September 14, 2026, Resideline is tracking 42 active listings and 5 pending sales in ZIP code 24551. That pending-to-active ratio of 0.12 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $399,900, while the median of the 288 closed sales Resideline tracked over the last six months was $400,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 24551 for 67 days.

Frequently asked questions

What is the median home price in 24551?

The median closed sale price in Forest, VA 24551 was $400,000 over the last six months, based on 288 closed sales tracked by Resideline. The middle half of those sales ranged from $319,000 to $549,900.

Is 24551 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 42 active listings in 24551, a pending-to-active ratio of 0.12. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 24551 currently looks like a balanced market.

Nearby ZIP code market data

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