Is 24012, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in 24012, VA
How much do homes in 24012, VA cost?
Median Sold Price
$219,975
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 24012 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 24012 was $219,975 in March 2024, up 10.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $148.9K | $161.8K | +8.7% |
| 3 Bedrooms | $199.9K | $224.9K | +12.5% |
| 4 Bedrooms | $255.5K | $275K | +7.6% |
| 5+ Bedrooms | $254K | $269.5K | +6.1% |
Summary: 24012 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in 24012, VA
How many homes are available in 24012, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 92 | 115 | +25.0% |
Summary: The 24012 real estate market had 115 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 49 | 65 | +32.7% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 24012 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 remained the same, 3 bedroom homes increased by 32.7%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 38 | +100.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24012, you could pay more than the asking price. 44.7% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in 24012 in March 2024, up by 100.0% month-over-month. Of the 38 sold homes, 34% were sold under asking, 21% were sold at asking, and 45% were sold over asking.
Days on Market for 24012, VA
We’re sorry, we don't have information for this market at the moment
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.