The Panhandle housing market is very competitive. The median sale price of a home in Panhandle was $361K last month, up 16.5% since last year. The median sale price per square foot in Panhandle is $183, up 31.1% since last year.
What is the housing market like in Panhandle today?
In December 2024, Panhandle home prices were up 16.5% compared to last year, selling for a median price of $361K. On average, homes in Panhandle sell after 28 days on the market compared to 34 days last year. There were 9 homes sold in December this year, down from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$361,000
+16.5% YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
Panhandle, VA
$361,000
+16.5%
United States
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How hot is the Panhandle housing market?
Panhandle is very competitive. Homes sell in 17 days.
0
100
81
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 17 days.
Hot homes
can sell for about 1% above list price and go pending in around 3 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.2%
+1.8 pt YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Panhandle housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Panhandle.
Flood Factor - Minor
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Panhandle has a minor risk of flooding. 159 properties in Panhandle are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Panhandle. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Panhandle has a major risk of wildfire. There are 1,370 properties in Panhandle that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Panhandle.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Panhandle has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Panhandle is most at risk from hurricanes. 1,370 properties in Panhandle have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 47 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 56 mph.