Is 24556, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24556 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 24556 has remained a Seller's Market.

Key Takeaway

24556 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 24556, VA cost?

Median Sold Price

$404,592

$219/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$54,592(+15.6%)

Key Takeaway

Homes in 24556 have sold for 15.6% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $350K-
N/A
3 $236.8K$379.5K
+60.3%
4 $787.5K$577.5K
-26.7%
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

24556
+15.6%
24551
+2.8%

How many homes are available in 24556, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
1819+5.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 10
-100.0%
3 77
0.0%
4 67
+16.7%
5+ 45
+25.0%

Number of Homes Sold

Nov 2021Dec 2021%
74-42.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24556, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
89 Days88 Days-0.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 24556 are taking a long time to sell, it's a good idea to negotiate on homes here.

About 24556, VA

24556, VA has 19 homes for sale to choose from. Between November 2021 and December 2021, 24556, VA real estate market has seen increase in the number of listings by 5.6%. Listings spent 88 days on the market in December 2021, and had a median list price of $404,592 during the same period. This housing market listing prices have changed between December 2020 and December 2021: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 60.3%, prices of 4 bedrooms properties decreased by 26.7%, 5 bedrooms properties prices increased by 0%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 100%, 3 bedrooms homes inventory did not change, number of 4 bedrooms homes increased by 16.7%, number of 5 bedrooms homes increased by 25%. Over 1 listings were sold over their listed price in December 2021 in 24556, VA. In the same period over 2 listings were sold below the listed price and 1 listings were sold for the listed price.