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Foreclosure Homes in Prospect, VA

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Prospect, VA Foreclosures

Current Market Conditions in in Prospect, VA As of February 2026?
In the last month, there has been a slight uptick in home sales in Prospect, VA, attributed to the ongoing interest in rural living and outdoor lifestyles. The average days on the market have decreased, reflecting an increase in buyer activities and cautious optimism within the market. While the inventory remains limited, the recent trends suggest that homes priced right are receiving multiple offers, indicating a competitive market. This surge in interest may be influenced by seasonal buyers looking to relocate or invest in properties before the holiday season.
How much do homes sell for in Prospect, VA?
The average home price is currently $212,083.
In Prospect, VA, how many homes are available?
There are currently 4 active home listings available in Prospect.
What’s the average rental cost in Prospect, VA?
The average rental price in Prospect is $1,060.
What is the most expensive home in Prospect?
The most expensive home sold in Prospect had a price of $3,184,552.
What is currently the cheapest priced home in Prospect, VA?
The cheapest home for sale in Prospect is priced at $10,831.

Living in Prospect, VA

Prospect, Virginia is a charming small town located amidst beautiful mountain scenery, offering a relaxed lifestyle filled with outdoor activities. The community is welcoming, with local events that foster connections among residents. Ideal for families and nature lovers, Prospect provides a peaceful environment without sacrificing essential amenities.

Buyer vs Seller Market in Prospect, VA

The real estate market in Prospect has shown resilience, characterized by moderate prices and a steady demand for homes. This tranquil town is attracting buyers looking for both full-time residences and vacation homes, especially those seeking a retreat from bustling city life.

Over the past year, the market has experienced a modest increase in property values, as more people recognize the charm and appeal of this location. The balance of supply and demand indicates that homes are selling at a reasonable pace, ensuring a viable market for both sellers and buyers.

Home Value Estimator For Prospect, VA

There are currently 852 real estate properties in Prospect, VA, with a median automated valuation model (AVM) price of $178,946.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Prospect, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Prospect, VA, is $212,083.00, with the most expensive house in Prospect, VA, topping out at $3,184,552.00 and the cheapest home in Prospect, VA, clocking in at $10,831.00. In other words, there’s something for every potential homebuyer or savvy investor in Prospect, VA!

Rent Prices In Prospect, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Prospect, VA, is on a rollercoaster ride. The average rent price in Prospect, VA, is $1,060.00. Indeed, when looking to rent in Prospect, VA, you can expect to pay as little as $660.00 or as much as $1,820.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Prospect, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Prospect, VA Foreclosures


Market Trend for Prospect, VA

Total Listings Available: 4

Market Values:

Home Prices from $10,831 to $3,184,552

Average Sales Price: $212,083

Rental Values:

Rental from $660 to $1,820

Average Rent Value: $1,060 / month

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