Is 24012, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24012 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 24012 has remained a Seller's Market.

Key Takeaway

24012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 24012, VA cost?

Median Sold Price

$174,462

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$18,962(+12.2%)

Key Takeaway

Homes in 24012 have sold for 12.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$115.5K
N/A
2 $117.4K$129.4K
+10.2%
3 $153.5K$176.9K
+15.3%
4 $202.5K$225K
+11.1%
5+ $353.7K$260K
-26.5%

Median Sold Price Compared To Nearby Zip Codes

24012
+12.2%
24017
+11.2%
24013
+8.6%
24019
+7.1%
24016
+5.6%

How many homes are available in 24012, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
118125+5.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 01
+100.0%
2 2427
+12.5%
3 6267
+8.1%
4 2423
-4.2%
5+ 87
-12.5%

Number of Homes Sold

Nov 2021Dec 2021%
3233+3.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24012, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
41 Days6 Days-85.4%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 24012 are selling fast, if you're buying plan to act quickly.

About 24012, VA

Number of homes for sale in 24012, VA real estate market have reached 125. The inventory of homes for sale in 24012, VA between November 2021 and December 2021 increased by 5.9%. In December 2021, listings were on the market for 6 days. During the same period, the median list price in this real estate market was $174,462. Listing prices have changed in this real estate market between November 2021 and December 2021: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 10.2%, 3 bedrooms properties became 15.3% more expensive, prices of 4 bedrooms properties went up by 11.1%, 5 bedrooms properties prices decreased by 26.5%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 100%, 2 bedrooms homes became 12.5% more available, 3 bedrooms homes inventory increased by 8.1%, number of 4 bedrooms homes decreased by 4.2%, 5 bedrooms homes became 12.5% less available. In December 2021, from all listings sold in 24012, VA there were more than 13 sold above asking price, over 10 sold below and more than 10 were sold right at the asked price.