Abingdon, Virginia Housing Market

What stands out in Abingdon?

• Homes for sale are up 49% on last year: among the fastest inventory growth of 765 tracked cities. Supply is building fast, which shifts leverage to buyers.

What moves the numbers in Abingdon?

Abingdon asking prices per square foot were above the year before in 76% of months since the data starts. Within a year, the cheapest and priciest months differ by about 11.3%. That is bigger than the yearly trend, so timing your purchase matters here. Nothing in Abingdon's numbers is far from its own normal. Your return comes from the property and the price you negotiate.

Is now a good time to buy in Abingdon?

The median asking price is 18.9% below its Mar 2023 peak. Per square foot the gap is smaller: 6.8% below the Jul 2025 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Abingdon prices have risen in 84 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

What is the fair market rent in Abingdon?

HUD sets one fair market rent for Washington County. For fiscal year 2026:

• 1 bedroom: $818 a month. Down 1% on last year, up 64% since FY2016.
• 2 bedrooms: $1,044 a month. Up 0% on last year, up 58% since FY2016.
• 3 bedrooms: $1,338 a month. Down 0% on last year, up 56% since FY2016.
• 4 bedrooms: $1,464 a month. Down 5% on last year, up 55% since FY2016.

The figures include tenant-paid utilities and apply to all of Washington County, so one home's rent can sit well above or below them. See fair market rent by city.

When do Abingdon prices dip?

Across 9 full years, Abingdon asking prices ran lowest in January, about 4.5% below the year's average. They peaked in August. The most homes for sale show up in November, about 15% above the yearly average. Shop in November for choice, and expect the softest asking prices in January.

How does Abingdon compare with other Virginia markets?

Ranked among the 18 Virginia markets we track:

• Asking price: 9th cheapest of 18. Abingdon is at $409,153. Closest: Richmond and Harrisonburg.
• Buyer competition: the least competitive of 8. Abingdon is at 0.30 buyers per home. Closest: Alexandria.
• Time on market: 3rd longest time on market of 18. Abingdon is at a median of 67 days on market. Closest: Roanoke and Blacksburg.
• Price cuts: 4th most price cuts of 18. Abingdon is at 26% of sellers cutting. Closest: Hampton and Chesapeake.

What numbers should you underwrite an Abingdon deal with?

• Price growth to assume — +6.6%/yr. Abingdon has grown about 6.6% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices fell 4.7% over the last year. Use it for timing. The five-year rate is the better guide.
• Months of carrying cost — 3. Budget at least 67 days of holding costs, the current median time on market, when you exit or refinance.
• Odds you cut your price to sell — 1 in 4. 26% of Abingdon listings have cut their asking price. Underwrite your exit below asking.
• Competition when you exit — +49%. Homes for sale in Abingdon are up 49% on last year, so your resale faces more competition than today's comps did.

Read how rent-to-price works and how we read these numbers, then run the numbers on a deal.

What is the median home price in Abingdon?

The median asking price in Abingdon is about $409,000 as of Sep 2026, up 9.2% from a year ago. The typical listing is 17% larger than a year ago, and asking price per square foot is down 4.7%. So the size of homes on the market explains much of the rise. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Abingdon figures cover the 3 ZIP codes with an Abingdon mailing address, which can reach past city limits.

Is Abingdon a buyer's or seller's market in 2026?

Neither side has the upper hand in Abingdon right now. We compare Abingdon with 2017–2019 at this time of year: 26% of sellers have cut their price, against 14% then; there are 30% fewer homes for sale; there are 30 pending sales per 100 listings, against 22 then.

Are Abingdon home prices going up or down?

The median asking price is 18.9% below its Mar 2023 peak. Per square foot the gap is smaller: 6.8% below the Jul 2025 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

Is Abingdon a renters' market or an owners' market?

In Abingdon, 28 out of every 100 households rent. Most own their home. That share has held steady for five years. 10.2% of homes sit empty. Tenants have options. Budget extra weeks of vacancy between leases.

What price growth should I assume for Abingdon?

Assume +6.6% a year. Abingdon has grown about 6.6% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices fell 4.7% over the last year. Use it for timing. The five-year rate is the better guide.

What is the fair market rent in Abingdon?

HUD's fiscal year 2026 fair market rent for Washington County is $1,044 a month for 2 bedrooms and $1,338 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.