Is 24202, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 24202 has remained a Seller's Market.
Housing Prices in 24202, VA
How much do homes in 24202, VA cost?
Median Sold Price
$275,500
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 24202 was $275,500 in February 2024, up 14.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $147.5K | $139.2K | -5.6% |
3 Bedrooms | $216.5K | $229.9K | +6.2% |
4 Bedrooms | $335.9K | $360K | +7.2% |
5+ Bedrooms | $450K | $799K | +77.6% |
Summary: 24202 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 77.6%.
Housing Supply in 24202, VA
How many homes are available in 24202, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
42 | 40 | -4.8% |
Summary: The 24202 real estate market had 40 homes for sale in February 2024, a 4.8% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 22 | 23 | +4.5% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 24202 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 24202 in February 2024, down by 33.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for 24202, VA
How long does it take to sell a home in 24202, VA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
63 Days | 88 Days | +39.6% |
Summary: Homes in 24202 had an average of 88 days on market in Feb 2024, up by 39.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 8 homes were sold in 24202; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.