Monterey, VA Foreclosures
Current Market Conditions in in Monterey, VA As of March 2026?
Over the past month, the real estate market in Monterey has experienced a slight uptick in activity. More homes have gone under contract, indicating a renewed interest among buyers, particularly as the local spring market begins to heat up. Sellers who are pricing their homes competitively are finding success, while buyers are increasingly recognizing the value of owning property in this picturesque area.
How much do homes sell for in Monterey, VA?
The average home price is currently $465,455.
In Monterey, VA, how many homes are available?
There are currently 2 active home listings available in Monterey.
What’s the average rental cost in Monterey, VA?
The average rental price in Monterey is $1,332.
What is the most expensive home in Monterey?
The most expensive home sold in Monterey had a price of $60,694,830.
What is currently the cheapest priced home in Monterey, VA?
The cheapest home for sale in Monterey is priced at $14,943.
Living in Monterey, VA
Monterey, Virginia, is a lovely small town nestled in the Allegheny Highlands, known for its picturesque scenery and community charm. With outdoor activities at your doorstep and a rich history to explore, Monterey offers a tranquil lifestyle perfect for those looking to escape the fast pace of city living. Residents enjoy a close-knit community, beautiful nature, and a rich local culture.
Buyer vs Seller Market in Monterey, VA
The real estate market in Monterey, VA, is currently on the rise, driven by an increasing number of buyers seeking homes in rural and scenic areas. As more people look to escape crowded urban environments, the demand for properties in Monterey has been steadily increasing, leading to a competitive market with limited inventory.
Prices for single-family homes in the area have seen a gradual appreciation, with many buyers drawn to Monterey's beautiful landscapes and community-oriented lifestyle. The steady increase in home values reflects the growing trend of individuals seeking homes that offer both tranquility and outdoor recreation.
Home Value Estimator For Monterey, VA
There are currently 866 real estate properties
in Monterey, VA,
with a median automated valuation model (AVM) price
of $286,394.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Monterey, 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 Monterey, VA,
is $465,455.00, with the most expensive house
in Monterey, VA, topping out
at $60,694,830.00 and the cheapest home
in Monterey, VA,
clocking in at $14,943.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Monterey, VA!
Rent Prices
In Monterey, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Monterey, VA, is on
a rollercoaster ride. The
average rent price in Monterey, VA,
is $1,332.00. Indeed, when looking to rent in
Monterey, VA, you can expect to pay as little
as $570.00 or as much
as $2,060.00,
with the average rent median estimated to
be $1,300.00. The good news is that finding
an affordable and desirable property to rent in Monterey, 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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