Is 24553, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24553 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 24553 was a Neutral Market.

Key Takeaway

24553 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 24553, VA cost?

Median Sold Price

$173,000

$138/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$182,000(-51.3%)

Key Takeaway

Homes in 24553 have sold for 51.3% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 -$157K
N/A
3 --
N/A
4 $355K$189K
-46.8%
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

24522
-14.3%
24553
-51.3%

How many homes are available in 24553, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
79+28.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 12
+100.0%
3 45
+25.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24553, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Dec 2021%
6 Days8 Days+41.7%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 24553 are selling fast, if you're buying plan to act quickly.

About 24553, VA

Homes for sale in 24553, VA have reached 9. The number of homes for sale in 24553, VA increased by 28.6% between November 2021 and December 2021. In December 2021, listings were on the market for 8 days. During the same period, the median list price in this real estate market was $173,000. Listing prices have changed in this real estate market between December 2020 and December 2021: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went up by 0%, prices of 4 bedrooms properties decreased by 46.8%, prices of 5 bedrooms properties increased by 0%. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes became 100% more available, volume of 3 bedrooms homes went up by 25%, the quantity of 4 bedrooms homes have not changed, volume of 5 bedrooms homes stayed the same. While more than 2 listings in 24553, VA in December 2021 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.