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RIDGEWAY, VA 24148

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 RIDGEWAY, VA real estate market (24148) currently shows 25 active listings, with 8 pending sales. Homes are averaging 97 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 97 days on market compared to 63 days last year.

The median listing price has fallen 7.9% year-over-year, from $254,450 to $234,250.

Whether you are buying or selling in RIDGEWAY, 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: 8,554  ·  Density: 46.6/mi²  ·  Median household income: $54,294

Typical home value: $129,728  ·  Homeownership: 80.4%

Market Overview

Active Listings
25
⇧ 56.3% vs 16 last year
Pending
8
32% pending ratio
Median Price
$234,250
⇩ 7.9% vs $254,450 last year
Average Price
$278,751
⇧ 7.2% vs $259,935 last year
Days on Market
97
⇧ 54% vs 63 days last year

Price Per Square Foot

Median $/sqft
$152
⇧ 2% vs $149/sqft last year
Median Home Size
1,590 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 25 this year vs 16 last year
  • Days on market: 97 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $234,250 (-7.9% YoY)
  • Average: $278,751 (+7.2% 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 22.3 miles — 507 listings ($135,800,045 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24148Ridgeway, VA 241480.0 mi23$7,365,175$270,000$320,225
27288Eden, NC 272889.1 mi99$23,512,599$224,893$237,501
24112Martinsville, VA 241129.9 mi126$26,130,636$180,000$207,386
24078Collinsville, VA 2407810.1 mi21$4,456,326$161,400$212,206
24054Axton, VA 2405411.5 mi5$998,165$210,000$199,633
24069Cascade, VA 2406913.0 mi7$1,835,050$249,450$262,150
24055Bassett, VA 2405514.3 mi40$9,666,920$189,900$241,673
27025Madison, NC 2702515.2 mi27$9,213,750$334,950$341,250
24102Henry, VA 2410219.2 mi8$1,880,104$197,450$235,013
27326Ruffin, NC 2732619.5 mi9$2,448,675$289,900$272,075
24541Danville, VA 2454119.8 mi100$30,082,000$219,450$300,820
24171Stuart, VA 2417121.2 mi29$13,658,188$249,000$470,972
24549Dry Fork, VA 2454922.3 mi13$4,552,457$299,000$350,189

Frequently Asked Questions

How many homes are for sale in RIDGEWAY, VA 24148?

As of February 2026, there are 25 active listings in RIDGEWAY, VA (zip code 24148), compared to 16 the prior year.

What is the median home price in RIDGEWAY, VA 24148?

The median listing price in RIDGEWAY, VA 24148 is $234,250 as of February 2026, a 7.9% decrease from $254,450 the prior year.

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

Homes in RIDGEWAY, VA 24148 spend an average of 97 days on the market before going under contract, compared to 63 days the prior year.

Is it a seller's or buyer's market in RIDGEWAY, VA 24148?

Based on current inventory and days-on-market data as of February 2026, RIDGEWAY, VA 24148 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 97 days on market compared to 63 days last year.

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

With SELL123.com's maximum 3% commission, sellers in RIDGEWAY, VA 24148 save an estimated $4,685 compared to a typical 5% commission on the median listing price of $234,250. 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.