Is 24551, 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, 24551 has remained a Seller's Market.
Housing Prices in 24551, VA
How much do homes in 24551, VA cost?
Median Sold Price
$399,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 24551 was $399,000 in March 2024, down 1.5% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $162.4K | N/A |
2 Bedrooms | $229.9K | $230K | 0.0% |
3 Bedrooms | $325K | $340.2K | +4.7% |
4 Bedrooms | $481.5K | $499.9K | +3.8% |
5+ Bedrooms | $585K | $630K | +7.7% |
Summary: 24551 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 did not change, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in 24551, VA
How many homes are available in 24551, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 105 | +98.1% |
Summary: The 24551 real estate market had 105 homes for sale in March 2024, a 98.1% 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 | 6 | 17 | +183.3% |
3 Bedrooms | 16 | 32 | +100.0% |
4 Bedrooms | 12 | 37 | +208.3% |
5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The 24551 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 183.3%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 208.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 28 | +55.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 24551 in March 2024, up by 55.6% month-over-month. Of the 28 sold homes, 54% were sold under asking, 29% were sold at asking, and 18% were sold over asking.
Days on Market for 24551, VA
How long does it take to sell a home in 24551, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 41 Days | +91.3% |
Summary: Homes in 24551 had an average of 41 days on market in Mar 2024, up by 91.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 24551; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.