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Featured local agent — Buchanan, VA
Sarah Mitchell
Compass Real Estate · Buchanan, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Buchanan, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$69,500median sale price
How is the Buchanan, VA housing market right now?
The median home sale price in Buchanan, VA is $69,500. Homes sell in an average of 226 days with 1 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Buchanan a buyer's or seller's market?
Buchanan, VA is currently a balanced market, based on 1.0 months of supply and homes selling in about 226 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
226
Average pace
Active listings
1
1.0 months supply
Sale-to-list
81.9%
Below asking
What does the Buchanan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $69,500 |
| Average days on market | 226 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 81.9% |
| Median price per sq ft | $45/sq ft |
| Homes sold (latest month) | 1 |
| Listings with a price cut | 100.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Buchanan by property type?
How the Buchanan, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $69,500 | $45/sq ft | 1 | 226 days |
Source: Redfin · Updated monthly
The Buchanan housing market is currently classified as a balanced market with a median sale price of $69,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 226 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Buchanan
There are currently 1 homes listed for sale in Buchanan, Virginia.
Active listings
1
Homes on market
Avg. days on market
226
Days until sale
Who lives in Buchanan?
Population
1,271
Median income
$52,474/yr
Median age
43.7 years
Owner-occupied
76.7%
College grads
31.7%
Avg commute
33 min
Source: U.S. Census Bureau ACS
What are homes worth in Buchanan?
Zillow home value
$226,373
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Buchanan?
Buchanan is a community of approximately 1K residents with a median age of 43.7 years.The median household income is $52,474, which represents a working-class community with solid middle-income opportunities. 31.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 76.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 33 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Buchanan offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Buchanan?
2 schools tracked · 761 students
The largest public schools serving Buchanan, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
James River High
Grades 9-12 · 461 students
Buchanan Elementary
Grades PK-5 · 300 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Buchanan, VA?
Want a head-to-head view? Compare Buchanan side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Buchanan?
The median home sale price in Buchanan is $69,500, down 0.0% from last year.
How long do homes stay on market in Buchanan?
Homes typically spend 226 days on market before going under contract.
What is the median income in Buchanan?
The median household income is $52,474 per year.
Is Buchanan a buyer's or seller's market?
With 1.0 months of supply, Buchanan is currently a balanced market.
What is the Zillow home value estimate for Buchanan?
The Zillow Home Value Index (ZHVI) for Buchanan is $226,373, representing the typical home value in the area.
How much does a single-family home cost in Buchanan?
The median single-family home price in Buchanan, VA is $69,500 (about $45 per square foot).
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