Is 24121, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24121 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 24121 has remained a Seller's Market.

Key Takeaway

24121 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 24121, VA cost?

Median Sold Price

$389,500

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

-$36,750(-8.6%)

Key Takeaway

Homes in 24121 have sold for 8.6% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $127.5K$174.9K
+37.2%
2 $297K$349K
+17.5%
3 $374.5K$302.5K
-19.2%
4 $585K$635.5K
+8.6%
5+ $740K$785K
+6.1%

Median Sold Price Compared To Nearby Zip Codes

24095
+8.6%
24101
+6.3%
24104
+6.1%
24121
-8.6%

How many homes are available in 24121, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
132127-3.8%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 109
-10.0%
2 1120
+81.8%
3 6659
-10.6%
4 3125
-19.4%
5+ 1414
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
3928-28.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24121, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
19 Days5 Days-74.4%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 24121 are selling fast, if you're buying plan to act quickly.

About 24121, VA

Number of homes for sale in 24121, VA real estate market have reached 127. The number of homes for sale in 24121, VA decreased by 3.8% between November 2021 and December 2021. In December 2021, listings were on the market for 5 days. During the same period, the median list price in this real estate market was $389,500. Listing prices have changed in this real estate market between November 2021 and December 2021: 1 bedroom properties became 37.2% more expensive, the cost of 2 bedrooms properties went up by 17.5%, 3 bedrooms properties became 19.2% more cheaper, the cost of 4 bedrooms properties went up by 8.6%, 5 bedrooms properties became 6.1% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory decreased by 10%, 2 bedrooms homes became 81.8% more available, volume of 3 bedrooms homes went down by 10.6%, volume of 4 bedrooms homes went down by 19.4%, volume of 5 bedrooms homes stayed the same. While more than 13 listings in 24121, VA in December 2021 were sold above asking price, there were more than 9 listings sold at asking price, and more than 6 were sold below.