Is 24522, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 24522 was a Seller's Market.
Housing Prices in 24522, VA
How much do homes in 24522, VA cost?
Median Sold Price
$275,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 24522 was $275,000 in February 2024, up 5.8% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | - | N/A |
2 Bedrooms | $181K | $176K | -2.8% |
3 Bedrooms | $269.9K | $274.7K | +1.8% |
4 Bedrooms | $260K | $318.5K | +22.5% |
5+ Bedrooms | $469K | $442.5K | -5.7% |
Summary: 24522 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Zip Codes
24522 | $259.9K | $275K | +5.8% |
24538 | $285K | $284.9K | 0% |
Housing Supply in 24522, VA
How many homes are available in 24522, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 39 | +39.3% |
Summary: The 24522 real estate market had 39 homes for sale in February 2024, a 39.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 16 | 24 | +50.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 24522 housing inventory by bedroom type for February 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 50%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 5 | -54.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 24522 in February 2024, down by 54.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for 24522, VA
How long does it take to sell a home in 24522, VA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
82 Days | 48 Days | -41.3% |
Summary: Homes in 24522 had an average of 48 days on market in Feb 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in 24522; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.