Galax, VA Foreclosures
Current Market Conditions in in Galax, VA As of February 2026?
In the last month, Galax's real estate market has continued to show resilience, with an uptick in home sales as more buyers are drawn to the city for its affordability and tranquil lifestyle. The average time a home spends on the market has slightly decreased, indicating an active buyer market. Potential sellers are encouraged to list homes to meet the increasing demand.
How much do homes sell for in Galax, VA?
The average home price is currently $212,756.
In Galax, VA, how many homes are available?
There are currently 20 active home listings available in Galax.
What’s the average rental cost in Galax, VA?
The average rental price in Galax is $990.
What is the most expensive home in Galax?
The most expensive home sold in Galax had a price of $4,647,730.
What is currently the cheapest priced home in Galax, VA?
The cheapest home for sale in Galax is priced at $10,272.
Living in Galax, VA
Galax, VA is a charming city known for its vibrant musical culture and access to breathtaking natural scenery. It offers a blend of outdoor adventures and community-focused living. With affordable housing options and a strong sense of community, it is an inviting place for families and retirees alike.
Buyer vs Seller Market in Galax, VA
The real estate market in Galax, VA has been relatively stable, with a slight increase in home prices over the past year. The affordability of homes, coupled with the area's picturesque environment, has drawn more buyers, particularly those looking for second homes or retirement options in rural settings.
Currently, homes are selling quickly, with properties often receiving multiple offers. The demand for single-family homes has increased, putting upward pressure on prices, particularly for well-maintained residences close to downtown and recreational areas.
Home Value Estimator For Galax, VA
There are currently 6,940 real estate properties
in Galax, VA,
with a median automated valuation model (AVM) price
of $182,859.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Galax, 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 Galax, VA,
is $212,756.00, with the most expensive house
in Galax, VA, topping out
at $4,647,730.00 and the cheapest home
in Galax, VA,
clocking in at $10,272.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Galax, VA!
Rent Prices
In Galax, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Galax, VA, is on
a rollercoaster ride. The
average rent price in Galax, VA,
is $990.00. Indeed, when looking to rent in
Galax, VA, you can expect to pay as little
as $480.00 or as much
as $2,610.00,
with the average rent median estimated to
be $950.00. The good news is that finding
an affordable and desirable property to rent in Galax, 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.
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