Is 24503, 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, 24503 was a Seller's Market.
Housing Prices in 24503, VA
How much do homes in 24503, VA cost?
Median Sold Price
$365,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 24503 was $365,000 in March 2024, up 10.8% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61.5K | $125K | +103.3% |
2 Bedrooms | $179.5K | $191.2K | +6.5% |
3 Bedrooms | $300K | $314K | +4.7% |
4 Bedrooms | $398K | $425K | +6.8% |
5+ Bedrooms | $492.4K | $519K | +5.4% |
Summary: 24503 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.3%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in 24503, VA
How many homes are available in 24503, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 93 | +40.9% |
Summary: The 24503 real estate market had 93 homes for sale in March 2024, a 40.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 30 | 31 | +3.3% |
4 Bedrooms | 23 | 42 | +82.6% |
5+ Bedrooms | 10 | 17 | +70.0% |
Summary: The 24503 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 82.6%, and 5+ bedroom homes increased by 70%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 15 | -37.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 24503 in March 2024, down by 37.5% month-over-month. Of the 15 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for 24503, VA
How long does it take to sell a home in 24503, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 50 Days | +79.9% |
Summary: Homes in 24503 had an average of 50 days on market in Mar 2024, up by 79.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 24503; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.