Is 24016, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 24016 was a Seller's Market.
Housing Prices in 24016, VA
How much do homes in 24016, VA cost?
Median Sold Price
$147,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 24016 was $147,000 in February 2024, down 19.7% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191K | $225K | +17.8% |
2 Bedrooms | $180K | $107.5K | -40.3% |
3 Bedrooms | $165K | $164K | -0.6% |
4 Bedrooms | $207.5K | $148.5K | -28.4% |
5+ Bedrooms | $196.9K | $110K | -44.1% |
Summary: 24016 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes decreased by 40.3%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 28.4%, and 5+ bedroom homes decreased by 44.1%.
Housing Supply in 24016, VA
How many homes are available in 24016, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Summary: The 24016 real estate market had 22 homes for sale in February 2024, a 10.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 24016 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 24016 in February 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 24016, VA
We’re sorry, we don't have information for this market at the moment