Is 24538, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24538 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 24538 has remained a Seller's Market.

Key Takeaway

24538 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 24538, VA cost?

Median Sold Price

$265,250

$164/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$74,750(-22.0%)

Key Takeaway

Homes in 24538 have sold for 22% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 $357.5K$217.6K
-39.1%
4 $224.9K$329.4K
+46.5%
5+ $330K-
N/A

Median Sold Price Compared To Nearby Zip Codes

24593
+95.4%
24588
+91.8%
24504
+20.2%
24522
-14.3%
24538
-22.0%

How many homes are available in 24538, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
1421+50.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 11
0.0%
3 816
+100.0%
4 43
-25.0%
5+ 11
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
67+16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24538, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
110 Days77 Days-29.2%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 24538 are selling fast, if you're buying plan to act quickly.

About 24538, VA

There are 21 homes are for sale in 24538, VA real estate market. The number of listings in 24538, VA increased by 50% between November 2021 and December 2021. Listings spent 77 days on the market in December 2021, and had a median list price of $265,250 during the same period. Between December 2020 and December 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0% more expensive, prices of 3 bedrooms properties decreased by 39.1%, the cost of 4 bedrooms properties went up by 46.5%, the cost of 5 bedrooms properties went up by 0%. This housing market inventory have changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes increased by 100%, number of 4 bedrooms homes decreased by 25%, number of 5 bedrooms homes remained the same. While more than 2 listings in 24538, VA in December 2021 were sold above asking price, there were more than 2 listings sold at asking price, and more than 3 were sold below.