Is 24557, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24557 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 24557 has remained a Seller's Market.

Key Takeaway

24557 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 24557, VA cost?

Median Sold Price

$196,000

$91/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$64,000(+48.5%)

Key Takeaway

Homes in 24557 have sold for 48.5% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 $60K-
N/A
2 --
N/A
3 $132K$196K
+48.5%
4 --
N/A
5+ $850K-
N/A

Median Sold Price Compared To Nearby Zip Codes

24557
+48.5%
24563
-56.2%

How many homes are available in 24557, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
12120.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 10
-100.0%
2 22
0.0%
3 69
+50.0%
4 11
0.0%
5+ 20
-100.0%

Number of Homes Sold

Nov 2021Dec 2021%
34+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24557, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
102 Days61 Days-39.5%

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 24557 are selling fast, if you're buying plan to act quickly.

About 24557, VA

24557, VA has 12 homes for sale to choose from. While the average time on the market in December 2021 was 61 days, the median list price was $196,000. This housing market listing prices have changed between December 2020 and December 2021: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 0% more expensive, the cost of 3 bedrooms properties went up by 48.5%, prices of 4 bedrooms properties increased by 0%, 5 bedrooms properties became 0% more expensive. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went down by 100%, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory increased by 50%, number of 4 bedrooms homes remained the same, number of 5 bedrooms homes decreased by 100%. In December 2021, from all listings sold in 24557, VA there were more than 0 sold above asking price, over 4 sold below and more than 0 were sold right at the asked price.