Is 24550, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24550 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 24550 was a Seller's Market.

Key Takeaway

24550 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 24550, VA cost?

Median Sold Price

$275,000

$156/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$38,085(-12.2%)

Key Takeaway

Homes in 24550 have sold for 12.2% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $76K-
N/A
3 $313K$275K
-12.2%
4 $585K$432K
-26.2%
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

24588
+91.8%
24517
+21.6%
24551
+2.8%
24502
-10.5%
24550
-12.2%

How many homes are available in 24550, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
3129-6.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 20
-100.0%
3 2118
-14.3%
4 810
+25.0%
5+ 01
+100.0%

Number of Homes Sold

Nov 2021Dec 2021%
104-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24550, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Dec 2021%
68 Days38 Days-43.7%

Breakdown of Home Sale Times

2 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 24550 are selling fast, if you're buying plan to act quickly.

About 24550, VA

There are 29 homes are for sale in 24550, VA real estate market. Between November 2021 and December 2021, 24550, VA real estate market has seen decrease in the number of listings by 6.5%. In December 2021 median list price was $275,000 and the average listing age was 38 days. 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%, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties decreased by 12.2%, the cost of 4 bedrooms properties went down by 26.2%, 5 bedrooms properties prices increased by 0%. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 100%, 3 bedrooms homes became 14.3% less available, 4 bedrooms homes inventory increased by 25%, the quantity of 5 bedrooms homes went up by 100%. In December 2021, from all listings sold in 24550, VA there were more than 3 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.