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BASSETT, VA 24055

Real Estate Market Report  ·  Henry County
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The BASSETT, VA real estate market (24055) currently shows 37 active listings, with 16 pending sales. Homes are averaging 143 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 143 days on market compared to 101 days last year.

The median listing price has fallen 1.9% year-over-year, from $198,438 to $194,675.

Whether you are buying or selling in BASSETT, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 11,647  ·  Density: 51.9/mi²  ·  Median household income: $36,210

Typical home value: $105,204  ·  Homeownership: 72.3%

Market Overview

Active Listings
37
⇧ 37% vs 27 last year
Pending
16
43% pending ratio
Median Price
$194,675
⇩ 1.9% vs $198,438 last year
Average Price
$238,043
⇧ 8.8% vs $218,768 last year
Days on Market
143
⇧ 41.6% vs 101 days last year

Price Per Square Foot

Median $/sqft
$145
⇧ 21.8% vs $119/sqft last year
Median Home Size
1,480 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 37 this year vs 27 last year
  • Days on market: 143 now vs 101 last year

Median & Average Pricing

Year over Year
  • Median: $194,675 (-1.9% YoY)
  • Average: $238,043 (+8.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.9 miles — 187 listings ($57,904,766 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24055Bassett, VA 240550.0 mi40$9,666,920$189,900$241,673
24089Fieldale, VA 240894.6 mi8$2,556,640$215,000$319,580
24078Collinsville, VA 240785.4 mi21$4,456,326$161,400$212,206
24133Patrick Springs, VA 241339.4 mi7$1,509,025$222,000$215,575
24082Critz, VA 2408211.9 mi1$238,000$238,000$238,000
24148Ridgeway, VA 2414814.4 mi23$7,365,175$270,000$320,225
24151Rocky Mount, VA 2415115.3 mi56$22,070,216$365,000$394,111
24054Axton, VA 2405417.3 mi5$998,165$210,000$199,633
27046Sandy Ridge, NC 2704619.5 mi3$1,582,899$379,000$527,633
24092Glade Hill, VA 2409220.9 mi1$1,750,000$1,750,000$1,750,000
27022Lawsonville, NC 2702221.1 mi3$885,000$295,000$295,000
27027Mayodan, NC 2702722.0 mi14$3,041,780$229,450$217,270
24072Check, VA 2407222.9 mi5$1,784,620$294,899$356,924

Frequently Asked Questions

How many homes are for sale in BASSETT, VA 24055?

As of February 2026, there are 37 active listings in BASSETT, VA (zip code 24055), compared to 27 the prior year.

What is the median home price in BASSETT, VA 24055?

The median listing price in BASSETT, VA 24055 is $194,675 as of February 2026, a 1.9% decrease from $198,438 the prior year.

How long do homes stay on the market in BASSETT, VA?

Homes in BASSETT, VA 24055 spend an average of 143 days on the market before going under contract, compared to 101 days the prior year.

Is it a seller's or buyer's market in BASSETT, VA 24055?

Based on current inventory and days-on-market data as of February 2026, BASSETT, VA 24055 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 143 days on market compared to 101 days last year.

How much can I save on real estate commission in BASSETT, VA?

With SELL123.com's maximum 3% commission, sellers in BASSETT, VA 24055 save an estimated $3,894 compared to a typical 5% commission on the median listing price of $194,675. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.