Is 24572, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 24572 has remained a Seller's Market.
Key Takeaway
24572 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24572, VA
How much do homes in 24572, VA cost?
Median Sold Price
$243,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 24572 have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in 24572 was $243,000 in April 2024, up 13.6% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $126K | $164K | +30.2% |
| 3 Bedrooms | $220K | $245K | +11.4% |
| 4 Bedrooms | $270K | $271.4K | 0.5% |
| 5+ Bedrooms | $263.5K | $288.4K | +9.5% |
Summary: 24572 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 24572, VA
How many homes are available in 24572, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 66 | +83.3% |
Summary: The 24572 real estate market had 66 homes for sale in April 2024, a 83.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 23 | 40 | +73.9% |
| 4 Bedrooms | 8 | 15 | +87.5% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 24572 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 73.9%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24572, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 24572 in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 24572, VA
How long does it take to sell a home in 24572, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 43 Days | +109.0% |
Summary: Homes in 24572 had an average of 43 days on market in Apr 2024, up by 109% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 24572 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in 24572; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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.