Is 24517, 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, 24517 was a Seller's Market.
Key Takeaway
24517 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 24517, VA
How much do homes in 24517, VA cost?
Median Sold Price
$205,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 24517 have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in 24517 was $205,000 in March 2024, up 4.6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $131K | $163.5K | +24.8% |
| 3 Bedrooms | $189.9K | $205K | +8.0% |
| 4 Bedrooms | $226.5K | $232.5K | +2.6% |
| 5+ Bedrooms | $275K | $269.9K | -1.9% |
Summary: 24517 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in 24517, VA
How many homes are available in 24517, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 16 | +128.6% |
Summary: The 24517 real estate market had 16 homes for sale in March 2024, a 128.6% 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 3 | 11 | +266.7% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 24517 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 increased by 100%, 3 bedroom homes increased by 266.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 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
Key Takeaway
If you're buying a home in 24517, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 24517 in March 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 24517, VA
How long does it take to sell a home in 24517, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 108 Days | +83.1% |
Summary: Homes in 24517 had an average of 108 days on market in Mar 2024, up by 83.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 24517 has remained consistent over time.
Summary: During March 2024, 2 homes were sold in 24517; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
