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Foreclosure Homes in Locust Grove, VA 22508

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Locust Grove, VA Foreclosures

How much do homes sell for in Locust Grove, VA?
The average home price is currently $471,973.
In Locust Grove, VA, how many homes are available?
There are currently 34 active home listings available in Locust Grove.
What’s the average rental cost in Locust Grove, VA?
The average rental price in Locust Grove is $2,502.
What is the most expensive home in Locust Grove?
The most expensive home sold in Locust Grove had a price of $5,203,840.
What is currently the cheapest priced home in Locust Grove, VA?
The cheapest home for sale in Locust Grove is priced at $16,016.

Living in Locust Grove, VA

Locust Grove, VA, is a peaceful community offering a rural lifestyle complemented by access to essential amenities and recreational opportunities. The area is known for its friendly residents and scenic vistas, making it an attractive place for families and individuals looking for a serene escape from city life.

Current Market Conditions in Locust Grove, VA

As of 2023, the real estate market in Locust Grove is experiencing a steady demand. The growth in home prices reflects the area's attractiveness, particularly among families and retirees seeking a calm environment. The median home price has increased moderately over the past few years, indicating a healthy market with potential for investment.

The competitive landscape has led to quicker home sales, as properties in desirable neighborhoods are often snapped up shortly after hitting the market. A combination of low inventory and rising interest in the region points to ongoing market strength.

Home Value Estimator For Locust Grove, VA

There are currently 6,412 real estate properties in Locust Grove, VA, with a median automated valuation model (AVM) price of $425,825.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Locust Grove, 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 Locust Grove, VA, is $471,973.00, with the most expensive house in Locust Grove, VA, topping out at $5,203,840.00 and the cheapest home in Locust Grove, VA, clocking in at $16,016.00. In other words, there’s something for every potential homebuyer or savvy investor in Locust Grove, VA!

Rent Prices In Locust Grove, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Locust Grove, VA, is on a rollercoaster ride. The average rent price in Locust Grove, VA, is $2,502.00. Indeed, when looking to rent in Locust Grove, VA, you can expect to pay as little as $570.00 or as much as $5,140.00, with the average rent median estimated to be $2,570.00. The good news is that finding an affordable and desirable property to rent in Locust Grove, 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.

Locust Grove, VA 22508 Foreclosures


Market Trend for Locust Grove, VA

Total Listings Available: 34

Market Values:

Home Prices from $16,016 to $5,203,840

Average Sales Price: $471,973

Rental Values:

Rental from $570 to $5,140

Average Rent Value: $2,502 / month

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