Is 24101, 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, 24101 was a Neutral Market.
Key Takeaway
24101 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 24101, VA
How much do homes in 24101, VA cost?
Median Sold Price
$409,950
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 24101 have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in 24101 was $409,950 in March 2024, up 16.5% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | $559K | +280.3% |
| 2 Bedrooms | $325K | $535K | +64.6% |
| 3 Bedrooms | $325K | $400K | +23.1% |
| 4 Bedrooms | $493.7K | $441.5K | -10.6% |
| 5+ Bedrooms | $645K | - | N/A |
Summary: 24101 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 280.3%, 2 bedroom homes increased by 64.6%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes did not change.
Housing Supply in 24101, VA
How many homes are available in 24101, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 54 | +38.5% |
Summary: The 24101 real estate market had 54 homes for sale in March 2024, a 38.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 24 | 29 | +20.8% |
| 4 Bedrooms | 9 | 15 | +66.7% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 24101 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 increased by 100%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 24101, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 24101 in March 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 24101, 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. 
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.