Is 24016, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24016 is a neutral's market

Buyer's
Market

Difference Since December 2020

At the same time last year, 24016 was a Seller's Market.

Key Takeaway

24016 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 24016, VA cost?

Median Sold Price

$184,685

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$9,735(+5.6%)

Key Takeaway

Homes in 24016 have sold for 5.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $150.9K$164.9K
+9.3%
2 $142K$130.5K
-8.1%
3 $189.9K$184.3K
-2.9%
4 $182.4K$190.2K
+4.2%
5+ $142.4K$219.9K
+54.4%

Median Sold Price Compared To Nearby Zip Codes

24015
+24.8%
24017
+11.2%
24013
+8.6%
24016
+5.6%

How many homes are available in 24016, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
2221-4.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 10
-100.0%
2 43
-25.0%
3 89
+12.5%
4 65
-16.7%
5+ 34
+33.3%

Number of Homes Sold

Nov 2021Dec 2021%
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24016, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

About 24016, VA

There are 21 homes are for sale in 24016, VA real estate market. The number of homes for sale in 24016, VA decreased by 4.5% between November 2021 and December 2021. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 9.3%, 2 bedrooms properties became 8.1% more cheaper, 3 bedrooms properties became 2.9% more cheaper, prices of 4 bedrooms properties increased by 4.2%, prices of 5 bedrooms properties increased by 54.4%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 100%, 2 bedrooms homes became 25% less available, volume of 3 bedrooms homes went up by 12.5%, the quantity of 4 bedrooms homes went down by 16.7%, number of 5 bedrooms homes increased by 33.3%. In December 2021, from all listings sold in 24016, VA there were more than 0 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price.