Is 24523, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 24523 has remained a Seller's Market.
Key Takeaway
24523 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24523, VA
How much do homes in 24523, VA cost?
Median Sold Price
$265,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 24523 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 24523 was $265,000 in March 2024, up 6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259.9K | $379.9K | +46.2% |
| 2 Bedrooms | $157.5K | $215K | +36.5% |
| 3 Bedrooms | $249.9K | $259.9K | +4.0% |
| 4 Bedrooms | $258K | $449K | +74.0% |
| 5+ Bedrooms | $387.5K | $532K | +37.3% |
Summary: 24523 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 36.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 74%, and 5+ bedroom homes increased by 37.3%.
Housing Supply in 24523, VA
How many homes are available in 24523, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 111 | +44.2% |
Summary: The 24523 real estate market had 111 homes for sale in March 2024, a 44.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 17 | +41.7% |
| 3 Bedrooms | 35 | 52 | +48.6% |
| 4 Bedrooms | 21 | 30 | +42.9% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 24523 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 48.6%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +47.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24523, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 24523 in March 2024, up by 47.1% month-over-month. Of the 25 sold homes, 56% were sold under asking, 12% were sold at asking, and 32% were sold over asking.
Days on Market for 24523, VA
How long does it take to sell a home in 24523, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 8 Days | 42 Days | +419.2% |
Summary: Homes in 24523 had an average of 42 days on market in Mar 2024, up by 419.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 24523 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 24523; 36% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.