Is 24104, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24104 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 24104 was a Seller's Market.

Key Takeaway

24104 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 24104, VA

How much do homes in 24104, VA cost?

Median Sold Price

$385,000

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$20,100(+5.5%)

Key Takeaway

Homes in 24104 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 24104 was $385,000 in February 2024, up 5.5% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $135K$147.5K
+9.3%
2 $359.9K$379.9K
+5.6%
3 $396.6K$415K
+4.6%
4 $675K$779K
+15.4%
5+ $1.3M$1.0M
-22.3%

Summary: 24104 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 22.3%.

Median Sold Price Compared To Nearby Zip Codes

24523
+6.3%
24104
+5.5%
24121
-13.1%

Housing Supply in 24104, VA

How many homes are available in 24104, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4555+22.2%

Summary: The 24104 real estate market had 55 homes for sale in February 2024, a 22.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 46
+50.0%
2 1315
+15.4%
3 1018
+80.0%
4 1614
-12.5%
5+ 22
0.0%

Summary: The 24104 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 80%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

7 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 24104, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 24104 in February 2024, down by 33.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for 24104, VA

How long does it take to sell a home in 24104, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
10 Days79 Days+695.0%

Summary: Homes in 24104 had an average of 79 days on market in Feb 2024, up by 695% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 24104 has remained consistent over time.

Summary: During February 2024, 8 homes were sold in 24104; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 24104, VA

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