Is 24588, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24588 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 24588 has remained a Seller's Market.

Key Takeaway

24588 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 24588, VA cost?

Median Sold Price

$326,000

$168/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$156,000(+91.8%)

Key Takeaway

Homes in 24588 have sold for 91.8% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $159.9K$85K
-46.8%
3 $139.9K$332K
+137.3%
4 $245K$407.5K
+66.3%
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

24588
+91.8%
24504
+20.2%
24550
-12.2%
24501
-14.4%

How many homes are available in 24588, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
3836-5.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 53
-40.0%
3 2526
+4.0%
4 87
-12.5%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
118-27.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24588, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Dec 2021%
47 Days30 Days-35.9%

Breakdown of Home Sale Times

6 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 24588 are selling fast, if you're buying plan to act quickly.

About 24588, VA

24588, VA has 36 homes for sale to choose from. The inventory of homes for sale in 24588, VA between November 2021 and December 2021 decreased by 5.3%. In December 2021 median list price was $326,000 and the average listing age was 30 days. Listing prices have changed in this real estate market between December 2020 and December 2021: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices decreased by 46.8%, prices of 3 bedrooms properties increased by 137.3%, prices of 4 bedrooms properties went up by 66.3%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 40% less available, 3 bedrooms homes became 4% more available, volume of 4 bedrooms homes went down by 12.5%, volume of 5 bedrooms homes stayed the same. In December 2021, from all listings sold in 24588, VA there were more than 4 sold above asking price, over 2 sold below and more than 2 were sold right at the asked price.