Is 24202, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24202 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 24202 has remained a Seller's Market.

Key Takeaway

24202 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$35,500(+14.8%)

Key Takeaway

Homes in 24202 have sold for 14.8% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $147.5K$139.2K
-5.6%
3 $216.5K$229.9K
+6.2%
4 $335.9K$360K
+7.2%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

24201
+18.7%
24202
+14.8%
24210
+10.8%

Housing Supply in 24202, VA

How many homes are available in 24202, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4240-4.8%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 2223
+4.5%
4 89
+12.5%
5+ 64
-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 2024Feb 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24202, 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 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 2023Feb 2024CHANGE
63 Days88 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 24202 has remained consistent over time.

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.

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 24202, VA

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