Is 24416, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24416 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 24416 has remained a Seller's Market.

Key Takeaway

24416 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 24416, VA cost?

Median Sold Price

$264,000

$82/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$87,750(+49.8%)

Key Takeaway

Homes in 24416 have sold for 49.8% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 $252.5K-
N/A
4 -$264K
N/A
5+ $100K-
N/A

How many homes are available in 24416, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
32-33.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 01
+100.0%
5+ 10
-100.0%

Number of Homes Sold

Nov 2021Dec 2021%
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24416, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
2 Days72 Days+3500.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 24416 has remained consistent over time.

About 24416, VA

24416, VA has 2 homes on the market. The number of listings in 24416, VA decreased by 33.3% between November 2021 and December 2021. While the average time on the market in December 2021 was 72 days, the median list price was $264,000. From December 2020 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 0%, 4 bedrooms properties became 0% more expensive, 5 bedrooms properties prices increased by 0%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory decreased by 50%, number of 4 bedrooms homes increased by 100%, 5 bedrooms homes became 100% less available. 24416, VA housing market in December 2021 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.