Is 24014, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24014 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 24014 has remained a Seller's Market.

Key Takeaway

24014 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24014, VA

How much do homes in 24014, VA cost?

Median Sold Price

$284,750

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,049(+8.0%)

Key Takeaway

Homes in 24014 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 24014 was $284,750 in November 2024, up 8% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $239K$245K
+2.5%
2 $175K$205K
+17.1%
3 $275K$266.5K
-3.1%
4 $499K$490K
-1.8%
5+ $655K$885K
+35.1%

Summary: 24014 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 17.1%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 35.1%.

Median Sold Price Compared To Nearby Zip Codes

24016
+37.9%
24014
+8.0%
24018
+6.7%
24013
+6.2%
24015
+4.2%

Housing Supply in 24014, VA

How many homes are available in 24014, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5469+27.8%

Summary: The 24014 real estate market had 69 homes for sale in November 2024, a 27.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 810
+25.0%
3 2636
+38.5%
4 1317
+30.8%
5+ 76
-14.3%

Summary: The 24014 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2013-35.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24014, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 24014 in November 2024, down by 35.0% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.

Days on Market for 24014, VA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 24014, VA

Nearby Markets to 24014, VA