Is 24251, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 24251 was a Seller's Market.
Housing Prices in 24251, VA
How much do homes in 24251, VA cost?
Median Sold Price
$151,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 24251 was $151,000 in March 2024, down 10% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | - | N/A |
2 Bedrooms | $104K | $126K | +21.2% |
3 Bedrooms | $175K | $165.2K | -5.6% |
4 Bedrooms | $247.9K | $245K | -1.2% |
5+ Bedrooms | $209.2K | $445.9K | +113.1% |
Summary: 24251 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.2%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 113.1%.
Median Sold Price Compared To Nearby Zip Codes
37660 | $207.6K | $222.2K | +7.0% |
24251 | $167.7K | $151K | -10.0% |
24271 | $260K | $165K | -36.5% |
Housing Supply in 24251, VA
How many homes are available in 24251, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Summary: The 24251 real estate market had 21 homes for sale in March 2024, a 4.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 24251 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 decreased by 100%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 24251 in March 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 24251, VA
How long does it take to sell a home in 24251, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 99 Days | +112.1% |
Summary: Homes in 24251 had an average of 99 days on market in Mar 2024, up by 112.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in 24251; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.