Comprehensive market data and analysis• Updated Dec 2025
5.7 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 5 | 11 | 16 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | 2 | 2 | 2 | 4 |
| 5-10 acres | - | 1 | 2 | 3 |
| 10-20 acres | - | 1 | 1 | 1 |
| 20-50 acres | - | - | - | 2 |
| 50-100 acres | - | 1 | 1 | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 10 | 17 | 27 |
Acreage buckets
The median price for land in Locust Grove, Virginia is currently $270K per acre. For a typical parcel, the median sale price is $105K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $76K while premium lots reached $515K.
Locust Grove, Virginia is currently a seller's market with 5.7 months of supply. Buyers should be prepared to move quickly and may face competitive pricing. Prices have increased 82.9% year-over-year.
Locust Grove, Virginia currently has 5.7 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Over the past 12 months, Locust Grove, Virginia saw 28 properties sold, totaling $5.4M in sales volume. In just the last 3 months, 9 properties changed hands.
The current absorption rate in Locust Grove, Virginia is 17.6% (3-month basis), indicating strong demand. With appreciating values (+82.9% YoY), the market shows growth potential. The top-performing broker in this market is Coldwell Banker Elite.
The median land price in Locust Grove, Virginia stands at $105K. This translates to roughly $270K per acre for the typical parcel size. The average price is $191K, indicating some higher-priced properties pulling up the average.
Land in Locust Grove, Virginia typically sells within 72 days of listing. The median time on market is 44 days. Properties are moving at a moderate pace in the current seller's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
