Is 24017, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24017 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 24017 was a Seller's Market.

Key Takeaway

24017 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 24017, VA

How much do homes in 24017, VA cost?

Median Sold Price

$188,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,700(+9.7%)

Key Takeaway

Homes in 24017 have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in 24017 was $188,000 in October 2024, up 9.7% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $135K$138K
+2.2%
3 $181K$194K
+7.2%
4 $191.2K$216.5K
+13.2%
5+ $214K$235K
+9.8%

Summary: 24017 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 increased by 2.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Zip Codes

24016
+33.3%
24017
+9.7%
24019
+7.5%
24015
+5.0%
24153
+2.6%

Housing Supply in 24017, VA

How many homes are available in 24017, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6076+26.7%

Summary: The 24017 real estate market had 76 homes for sale in October 2024, a 26.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 713
+85.7%
3 3549
+40.0%
4 1410
-28.6%
5+ 44
0.0%

Summary: The 24017 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 85.7%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24017, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 24017 in October 2024, down by 25.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.

Days on Market for 24017, 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 5 Days Ago

Newest Listings in 24017, VA

Nearby Markets to 24017, VA