Is 24557, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 24557 was a Seller's Market.
Key Takeaway
24557 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 24557, VA
How much do homes in 24557, VA cost?
Median Sold Price
$202,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 24557 have sold for 21% more than they did a year ago.
Summary: The median home sold price in 24557 was $202,000 in March 2024, up 21% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $177.5K | $135K | -23.9% |
| 3 Bedrooms | $165K | $179.5K | +8.8% |
| 4 Bedrooms | $257.5K | $436.3K | +69.5% |
| 5+ Bedrooms | - | $448.9K | N/A |
Summary: 24557 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 decreased by 23.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 69.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 24557 | $167K | $202K | +21.0% |
| 24563 | $169K | $189K | +11.8% |
Housing Supply in 24557, VA
How many homes are available in 24557, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The 24557 real estate market had 15 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The 24557 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 200%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24557, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 24557 in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 24557, VA
How long does it take to sell a home in 24557, VA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 24557 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 24557; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.