Is 24127, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 24127 has remained a Seller's Market.
Key Takeaway
24127 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24127, VA
How much do homes in 24127, VA cost?
Median Sold Price
$476,000
$250/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 24127 have sold for 10.7% more than they did a month ago.
Summary: The median home sold price in 24127 was $476,000 in March 2024, up 10.7% from last month, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $432K | N/A |
| 2 Bedrooms | - | $64.9K | N/A |
| 3 Bedrooms | $429.9K | $595K | +38.4% |
| 4 Bedrooms | $484.5K | $459.5K | -5.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 24127 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 38.4%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 24070 | $210K | $655K | +211.9% |
| 24127 | $429.9K | $476K | +10.7% |
Housing Supply in 24127, VA
How many homes are available in 24127, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The 24127 real estate market had 18 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 24127 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 50%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24127, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 24127 in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 24127, VA
How long does it take to sell a home in 24127, VA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 Days | 74 Days | +1750.0% |
Summary: Homes in 24127 had an average of 74 days on market in Mar 2024, up by 1750% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 24127 has remained consistent over time.
Summary: During March 2024, 6 homes were sold in 24127; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.