Is 24590, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24590 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 24590 has remained a Buyer's Market.

Key Takeaway

24590 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 24590, VA cost?

Median Sold Price

$135,000

$120/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$420,000(-75.7%)

Key Takeaway

Homes in 24590 have sold for 75.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $300K-
N/A
3 -$135K
N/A
4 $565K-
N/A
5+ --
N/A

How many homes are available in 24590, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
2322-4.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 11
0.0%
2 33
0.0%
3 109
-10.0%
4 66
0.0%
5+ 33
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24590, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Dec 2021%
12 Days12 Days-2.7%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 24590 are selling fast, if you're buying plan to act quickly.

About 24590, VA

24590, VA has 22 homes for sale to choose from. In December 2021 in 24590, VA there were 4.3% less homes for sale than in November 2021. In December 2021, listings were on the market for 12 days. During the same period, the median list price in this real estate market was $135,000. Real estate listing prices changed between December 2020 and December 2021: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 0% more expensive, 3 bedrooms properties prices increased by 0%, 4 bedrooms properties became 0% more expensive, the cost of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory decreased by 10%, number of 4 bedrooms homes remained the same, 5 bedrooms homes did not move. In December 2021 more than 1 listings in 24590, VA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 0 were sold below.