Is 24504, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24504 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 24504 has remained a Seller's Market.

Key Takeaway

24504 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 24504, VA cost?

Median Sold Price

$216,300

$116/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$36,400(+20.2%)

Key Takeaway

Homes in 24504 have sold for 20.2% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $69.9K$46K
-34.2%
3 $179.9K$246K
+36.7%
4 $265K$325K
+22.6%
5+ -$399.9K
N/A

Median Sold Price Compared To Nearby Zip Codes

24588
+91.8%
24504
+20.2%
24572
+3.8%
24501
-14.4%
24538
-22.0%

How many homes are available in 24504, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
4051+27.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 33
0.0%
2 710
+42.9%
3 1618
+12.5%
4 1214
+16.7%
5+ 26
+200.0%

Number of Homes Sold

Nov 2021Dec 2021%
1116+45.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24504, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
27 Days51 Days+86.4%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 24504 are selling fast, if you're buying plan to act quickly.

About 24504, VA

Homes for sale in 24504, VA have reached 51. In December 2021 in 24504, VA there were 27.5% more homes for sale than in November 2021. Listings spent 51 days on the market in December 2021, and had a median list price of $216,300 during the same period. Listing prices have changed in this real estate market between December 2020 and December 2021: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties decreased by 34.2%, prices of 3 bedrooms properties went up by 36.7%, prices of 4 bedrooms properties increased by 22.6%, 5 bedrooms properties prices increased by 0%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went up by 42.9%, 3 bedrooms homes became 12.5% more available, the quantity of 4 bedrooms homes went up by 16.7%, the quantity of 5 bedrooms homes went up by 200%. While more than 2 listings in 24504, VA in December 2021 were sold above asking price, there were more than 3 listings sold at asking price, and more than 11 were sold below.