Is 24588, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 24588 was a Seller's Market.
Housing Prices in 24588, VA
How much do homes in 24588, VA cost?
Median Sold Price
$284,900
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 24588 was $284,900 in February 2024, down 1.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $135K | $183.5K | +35.9% |
3 Bedrooms | $279.9K | $279.9K | 0.0% |
4 Bedrooms | $337.7K | $302K | -10.6% |
5+ Bedrooms | $529.4K | $665K | +25.6% |
Summary: 24588 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 25.6%.
Housing Supply in 24588, VA
How many homes are available in 24588, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
17 | 31 | +82.4% |
Summary: The 24588 real estate market had 31 homes for sale in February 2024, a 82.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 3 | +100.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 6 | 13 | +116.7% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 24588 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 24588 in February 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 24588, VA
How long does it take to sell a home in 24588, VA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
14 Days | 22 Days | +62.5% |
Summary: Homes in 24588 had an average of 22 days on market in Feb 2024, up by 62.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in 24588; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.