Monterey, VA housing market: August 2026
What's happening in the Monterey market right now.
Buyer's or seller's market?
Monterey, VA leans toward a buyer's market: homes in Highland County take a median of 111 days to sell, and the number for sale is +41.7% on a year ago. Buyers have room to negotiate; sellers should price carefully.
12-month outlook
+0.5% to +5.5% for the typical Monterey home value over the next 12 months.
A projection from past prices (the trend of the last 3 and 12 months, damped), not a prediction or advice. Local conditions can move faster than any trend.
Sources: Zillow Home Value Index, August 2026 · Realtor.com county data, August 2026. Listing figures are for Highland County as a whole.
Monterey market — questions answered
What is the typical home value in Monterey, VA?
$284,484 as of August 2026, +4.5% on a year earlier (Zillow Home Value Index).
Are home prices going up in Monterey, VA?
Yes — the typical home value changed +4.5% over the year to August 2026 and +30.3% over five years.
Is Monterey, VA a buyer's or seller's market?
It leans toward buyers: the median home in Highland County sells in 111 days (Realtor.com, August 2026).
How many homes are for sale in Monterey, VA?
17 homes were listed for sale across Highland County in August 2026 (Realtor.com).
Who are the best real estate agents in Monterey, VA?
Homegrity lists 5 licensed Monterey agents, each checked against the state license register. Placement is never bought. See them at /real-estate-agents/monterey.