Is 24277, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 24277 was a Seller's Market.
Housing Prices in 24277, VA
How much do homes in 24277, VA cost?
Median Sold Price
$97,500
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 24277 was $97,500 in April 2024, down 25% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $38.5K | - | N/A |
2 Bedrooms | $69.5K | $62.5K | -10.1% |
3 Bedrooms | $155K | $97.5K | -37.1% |
4 Bedrooms | $219.9K | $180K | -18.1% |
5+ Bedrooms | $354K | $196K | -44.6% |
Summary: 24277 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.1%, 3 bedroom homes decreased by 37.1%, 4 bedroom homes decreased by 18.1%, and 5+ bedroom homes decreased by 44.6%.
Housing Supply in 24277, VA
How many homes are available in 24277, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Summary: The 24277 real estate market had 21 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 24277 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 24277 in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 24277, VA
How long does it take to sell a home in 24277, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
221 Days | 237 Days | +7.1% |
Summary: Homes in 24277 had an average of 237 days on market in Apr 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in 24277; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.