Is 23024, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 23024 was a Seller's Market.
Key Takeaway
23024 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 23024, VA
How much do homes in 23024, VA cost?
Median Sold Price
$401,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 23024 have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in 23024 was $401,000 in March 2024, up 14.6% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $210K | +90.9% |
| 2 Bedrooms | $255K | $225K | -11.8% |
| 3 Bedrooms | $318.8K | $379K | +18.9% |
| 4 Bedrooms | $466.9K | $504.9K | +8.1% |
| 5+ Bedrooms | $910.5K | $1.3M | +53.2% |
Summary: 23024 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.9%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 53.2%.
Housing Supply in 23024, VA
How many homes are available in 23024, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 103 | 123 | +19.4% |
Summary: The 23024 real estate market had 123 homes for sale in March 2024, a 19.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 56 | 69 | +23.2% |
| 4 Bedrooms | 32 | 34 | +6.3% |
| 5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The 23024 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23024, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 23024 in March 2024, up by 77.8% month-over-month. Of the 16 sold homes, 25% were sold under asking, 44% were sold at asking, and 31% were sold over asking.
Days on Market for 23024, VA
How long does it take to sell a home in 23024, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 59 Days | -13.9% |
Summary: Homes in 23024 had an average of 59 days on market in Mar 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 23024 has remained consistent over time.
Summary: During March 2024, 16 homes were sold in 23024; 38% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.