Is 24018, 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, 24018 was a Seller's Market.
Key Takeaway
24018 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 24018, VA
How much do homes in 24018, VA cost?
Median Sold Price
$345,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 24018 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 24018 was $345,000 in March 2024, up 4.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $145K | +25.0% |
| 2 Bedrooms | $175K | $203.2K | +16.1% |
| 3 Bedrooms | $300K | $299.9K | 0% |
| 4 Bedrooms | $371.7K | $390K | +4.9% |
| 5+ Bedrooms | $505K | $662K | +31.1% |
Summary: 24018 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 16.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 31.1%.
Housing Supply in 24018, VA
How many homes are available in 24018, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 127 | 164 | +29.1% |
Summary: The 24018 real estate market had 164 homes for sale in March 2024, a 29.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 60 | 63 | +5.0% |
| 4 Bedrooms | 32 | 52 | +62.5% |
| 5+ Bedrooms | 17 | 28 | +64.7% |
Summary: The 24018 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 64.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 24 | -25.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24018, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 24018 in March 2024, down by 25.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 29% were sold at asking, and 25% were sold over asking.
Days on Market for 24018, 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.