$15,000
0.42 Acres
Land
Joe Delaney, Listing Office: BHHS PenFed Realty
Is 22942, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 22942 was a Seller's Market.
Key Takeaway
22942 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 22942, VA
How much do homes in 22942, VA cost?
Median Sold Price
$425,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$31,000(-6.8%)
Key Takeaway
Homes in 22942 have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in 22942 was $425,000 in October 2024, down 6.8% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299K | $210K | -29.8% |
| 3 Bedrooms | $385K | $399.9K | +3.9% |
| 4 Bedrooms | $540K | $526.9K | -2.4% |
| 5+ Bedrooms | $590K | $2.2M | +285.6% |
Summary: 22942 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 285.6%.
Housing Supply in 22942, VA
How many homes are available in 22942, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 83 | -5.7% |
Summary: The 22942 real estate market had 83 homes for sale in October 2024, a 5.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 62 | 52 | -16.1% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 22942 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 16.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 12 | -40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22942, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 22942 in October 2024, down by 40.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 22942, VA
How long does it take to sell a home in 22942, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 60 Days | -5.9% |
Summary: Homes in 22942 had an average of 60 days on market in Oct 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22942 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 22942; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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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.