$2,019 Closing Credit*
$170,000
2,222 SqFt
Listing Office: DIVINE FOG REALTY COMPANY LLC- ROANOKE
Is 24016, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 24016 was a Seller's Market.
Key Takeaway
24016 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 24016, VA
How much do homes in 24016, VA cost?
Median Sold Price
$200,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 37.9% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218.5K | $221.9K | +1.6% |
| 2 Bedrooms | $107.5K | $235.6K | +119.2% |
| 3 Bedrooms | $150K | $180K | +20.0% |
| 4 Bedrooms | $150K | $225.7K | +50.5% |
| 5+ Bedrooms | $110K | $280K | +154.5% |
Summary: 24016 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 119.2%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50.5%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 52 | +36.8% |
Summary: The 24016 real estate market had 52 homes for sale in November 2024, a 36.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 24016 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was 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. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 24016 in November 2024, down by 30.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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.