Is 24078, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24078 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 24078 has remained a Seller's Market.

Key Takeaway

24078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24078, VA

How much do homes in 24078, VA cost?

Median Sold Price

$97,500

$109/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$122,500(-55.7%)

Key Takeaway

Homes in 24078 have sold for 55.7% less than they did a month ago.

Summary: The median home sold price in 24078 was $97,500 in November 2024, down 55.7% from last month, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$97.5K
N/A
3 --
N/A
4 $220K-
N/A
5+ --
N/A

Summary: 24078 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

24112
+48.3%
24078
-55.7%

Housing Supply in 24078, VA

How many homes are available in 24078, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
330.0%

Summary: The 24078 real estate market had 3 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 00
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The 24078 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24078, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 24078 in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 24078, 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 10 Days Ago

Newest Listings in 24078, VA

Nearby Markets to 24078, VA