$2,969 Closing Credit*
$250,000
1,086 SqFt
1 Bed
•1 Full Bath, 1 Partial
Eli Tucker, Listing Office: RLAH @properties
Is 22304, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 22304 has remained a Seller's Market.
Key Takeaway
22304 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22304, VA
How much do homes in 22304, VA cost?
Median Sold Price
$397,500
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,666(+0.4%)
Key Takeaway
The sold price of homes in 22304 has remained the same since last year.
Summary: The median home sold price in 22304 was $397,500 in October 2024, up 0.4% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237K | $256K | +8.0% |
| 2 Bedrooms | $339.5K | $357K | +5.2% |
| 3 Bedrooms | $635K | $672.5K | +5.9% |
| 4 Bedrooms | $837.5K | $922.5K | +10.1% |
| 5+ Bedrooms | $1.1M | $1.2M | +9.1% |
Summary: 22304 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in 22304, VA
How many homes are available in 22304, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 133 | 141 | +6.0% |
Summary: The 22304 real estate market had 141 homes for sale in October 2024, a 6.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 35 | +40.0% |
| 2 Bedrooms | 55 | 60 | +9.1% |
| 3 Bedrooms | 34 | 32 | -5.9% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 10 | 6 | -40.0% |
Summary: The 22304 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 36 | -26.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22304, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 36 homes were sold or pending in 22304 in October 2024, down by 26.5% month-over-month. Of the 36 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 22304, VA
How long does it take to sell a home in 22304, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 19 Days | +28.7% |
Summary: Homes in 22304 had an average of 19 days on market in Oct 2024, up by 28.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22304 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in 22304; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.