$1,543 Closing Credit*
$129,950
672 SqFt
2 Beds
•1 Full Bath
Listing Office: EXP REALTY LLC - FREDERICKSBURG
Is 24016, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 24016 has remained a Seller's Market.
Key Takeaway
24016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24016, VA
How much do homes in 24016, VA cost?
Median Sold Price
$200,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$55,000(+37.9%)
Key Takeaway
Homes in 24016 have sold for 37.9% more than they did a year ago.
Summary: The median home sold price in 24016 was $200,000 in December 2024, up 37.9% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218.5K | $221.9K | +1.6% |
| 2 Bedrooms | $120K | $197.3K | +64.5% |
| 3 Bedrooms | $162.5K | $182.5K | +12.3% |
| 4 Bedrooms | $147K | $270.4K | +84.0% |
| 5+ Bedrooms | $110K | $280K | +154.5% |
Summary: 24016 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 64.5%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 84%, and 5+ bedroom homes increased by 154.5%.
Housing Supply in 24016, VA
How many homes are available in 24016, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Summary: The 24016 real estate market had 46 homes for sale in December 2024, a 9.5% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 24016 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 24016, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 24016 in December 2024, up by 28.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for 24016, VA
We’re sorry, we don't have information for this market at the moment
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.