Is 24502, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24502 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 24502 has remained a Seller's Market.

Key Takeaway

24502 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 24502, VA cost?

Median Sold Price

$200,000

$136/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$23,500(-10.5%)

Key Takeaway

Homes in 24502 have sold for 10.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $162.4K$155K
-4.6%
3 $236.4K$210K
-11.2%
4 $213.9K$243.5K
+13.8%
5+ $309K-
N/A

Median Sold Price Compared To Nearby Zip Codes

24551
+2.8%
24503
+0.6%
24502
-10.5%
24501
-14.4%

How many homes are available in 24502, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
202230+13.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 11
0.0%
2 3338
+15.2%
3 100123
+23.0%
4 5961
+3.4%
5+ 97
-22.2%

Number of Homes Sold

Nov 2021Dec 2021%
6653-19.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24502, you could pay more than the asking price. 42.3% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Dec 2021%
20 Days13 Days-36.2%

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 24502 are selling fast, if you're buying plan to act quickly.

About 24502, VA

There are 230 homes are for sale in 24502, VA real estate market. In December 2021 in 24502, VA there were 13.9% more homes for sale than in November 2021. The median list price of listings available in December 2021 was $200,000, while the average time on the real estate market was 13 days. Real estate listing prices changed between December 2020 and December 2021: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices decreased by 4.6%, the cost of 3 bedrooms properties went down by 11.2%, the cost of 4 bedrooms properties went up by 13.8%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went up by 15.2%, 3 bedrooms homes inventory increased by 23%, number of 4 bedrooms homes increased by 3.4%, the quantity of 5 bedrooms homes went down by 22.2%. 24502, VA housing market in December 2021 saw over 22 listings sold above listed price, more than 14 sold at listed price and over 16 sold below.