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FOREST, VA 24551

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

Market Analysis

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

The FOREST, VA real estate market (24551) currently shows 102 active listings, with 54 pending sales. Homes are averaging 70 days on the market before going under contract.

Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 70 days on market compared to 57 days last year.

The median listing price has fallen 16.1% year-over-year, from $518,450 to $434,900.

Whether you are buying or selling in FOREST, 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: 26,873  ·  Density: 139.9/mi²  ·  Median household income: $88,251

Typical home value: $329,894  ·  Homeownership: 81.4%

Market Overview

Active Listings
102
⇧ 17.2% vs 87 last year
Pending
54
53% pending ratio
Median Price
$434,900
⇩ 16.1% vs $518,450 last year
Average Price
$554,276
⇩ 7.1% vs $596,754 last year
Days on Market
70
⇧ 22.8% vs 57 days last year

Price Per Square Foot

Median $/sqft
$186
⇩ 11% vs $209/sqft last year
Median Home Size
2,469 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 102 this year vs 87 last year
  • Days on market: 70 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $434,900 (-16.1% YoY)
  • Average: $554,276 (-7.1% 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 22.6 miles — 672 listings ($250,318,049 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24551Forest, VA 245510.0 mi106$57,031,180$449,500$538,030
24502Lynchburg, VA 245025.9 mi194$63,173,966$299,950$325,639
24501Lynchburg, VA 245019.4 mi115$27,570,675$232,450$239,745
24523Bedford, VA 2452311.0 mi109$49,658,438$399,900$455,582
24588Rustburg, VA 2458814.3 mi59$22,969,821$349,900$389,319
24574Monroe, VA 2457415.1 mi16$5,830,400$249,900$364,400
24517Altavista, VA 2451716.1 mi31$8,444,834$215,900$272,414
24579Natural Bridge Station, VA 2457918.1 mi2$1,398,000$699,000$699,000
24174Thaxton, VA 2417418.8 mi2$444,900$222,450$222,450
24538Concord, VA 2453820.7 mi11$3,421,847$309,900$311,077
24554Gladys, VA 2455421.4 mi9$2,840,850$327,450$315,650
24555Glasgow, VA 2455522.2 mi5$1,964,835$165,000$392,967
24066Buchanan, VA 2406622.6 mi13$5,568,303$459,950$428,331

Frequently Asked Questions

How many homes are for sale in FOREST, VA 24551?

As of February 2026, there are 102 active listings in FOREST, VA (zip code 24551), compared to 87 the prior year.

What is the median home price in FOREST, VA 24551?

The median listing price in FOREST, VA 24551 is $434,900 as of February 2026, a 16.1% decrease from $518,450 the prior year.

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

Homes in FOREST, VA 24551 spend an average of 70 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in FOREST, VA 24551?

Based on current inventory and days-on-market data as of February 2026, FOREST, VA 24551 is currently a Buyer's Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 70 days on market compared to 57 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FOREST, VA 24551 save an estimated $8,698 compared to a typical 5% commission on the median listing price of $434,900. 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.