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Foreclosure Homes in Melfa, VA

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Melfa, VA Foreclosures

How much do homes sell for in Melfa, VA?
The average home price is currently $234,236.
In Melfa, VA, how many homes are available?
There are currently 1 active home listings available in Melfa.
What’s the average rental cost in Melfa, VA?
The average rental price in Melfa is $968.
What is the most expensive home in Melfa?
The most expensive home sold in Melfa had a price of $1,228,384.
What is currently the cheapest priced home in Melfa, VA?
The cheapest home for sale in Melfa is priced at $19,632.

Living in Melfa, VA

Melfa, VA, is a quaint town that offers a peaceful lifestyle amidst beautiful natural scenery. Known for its strong sense of community, Melfa boasts essential amenities and outdoor activities that appeal to families and nature lovers alike. With its welcoming atmosphere and close-knit community, it's an inviting place to call home.

Current Market Conditions in Melfa, VA

The real estate market in Melfa, VA, has shown a stable growth trend, characterized by a modest increase in home values and a steady demand for properties. Buyers are attracted to the area for its affordability compared to larger metropolitan regions, leading to a competitive market for available homes.

Recent months have seen a slight uptick in inventory, providing homebuyers with more choices. The average days on the market for homes in Melfa have decreased, indicating a faster sale process as buyers quickly snag desirable properties.

Home Value Estimator For Melfa, VA

There are currently 1,038 real estate properties in Melfa, VA, with a median automated valuation model (AVM) price of $204,316.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melfa, 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 Melfa, VA, is $234,236.00, with the most expensive house in Melfa, VA, topping out at $1,228,384.00 and the cheapest home in Melfa, VA, clocking in at $19,632.00. In other words, there’s something for every potential homebuyer or savvy investor in Melfa, VA!

Rent Prices In Melfa, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melfa, VA, is on a rollercoaster ride. The average rent price in Melfa, VA, is $968.00. Indeed, when looking to rent in Melfa, VA, you can expect to pay as little as $670.00 or as much as $1,660.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Melfa, 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.

Melfa, VA Foreclosures


Market Trend for Melfa, VA

Total Listings Available: 1

Market Values:

Home Prices from $19,632 to $1,228,384

Average Sales Price: $234,236

Rental Values:

Rental from $670 to $1,660

Average Rent Value: $968 / month

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