Is 24201, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 24201 has remained a Seller's Market.
Key Takeaway
24201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24201, VA
How much do homes in 24201, VA cost?
Median Sold Price
$186,500
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 24201 have sold for 16.6% more than they did a year ago.
Summary: The median home sold price in 24201 was $186,500 in March 2024, up 16.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $84.5K | -15.5% |
| 2 Bedrooms | $124K | $155K | +25.0% |
| 3 Bedrooms | $193.2K | $204K | +5.6% |
| 4 Bedrooms | $240K | $275K | +14.6% |
| 5+ Bedrooms | $319K | $316.5K | -0.8% |
Summary: 24201 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.5%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 24201, VA
How many homes are available in 24201, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 80 | +35.6% |
Summary: The 24201 real estate market had 80 homes for sale in March 2024, a 35.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 19 | +35.7% |
| 3 Bedrooms | 30 | 43 | +43.3% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 24201 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 35.7%, 3 bedroom homes increased by 43.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 27 | +145.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24201, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 24201 in March 2024, up by 145.5% month-over-month. Of the 27 sold homes, 78% were sold under asking, 15% were sold at asking, and 7% were sold over asking.
Days on Market for 24201, VA
How long does it take to sell a home in 24201, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 70 Days | +42.4% |
Summary: Homes in 24201 had an average of 70 days on market in Mar 2024, up by 42.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 24201 has remained consistent over time.
Summary: During March 2024, 27 homes were sold in 24201; 22% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved