Is 24083, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24083 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 24083 has remained a Seller's Market.

Key Takeaway

24083 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24083, VA

How much do homes in 24083, VA cost?

Median Sold Price

$495,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$100,000(+25.3%)

Key Takeaway

Homes in 24083 have sold for 25.3% more than they did a year ago.

Summary: The median home sold price in 24083 was $495,000 in November 2024, up 25.3% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $362.5K$254.7K
-29.7%
3 $352K$385K
+9.4%
4 $387.5K$549.9K
+41.9%
5+ $587K$585K
-0.3%

Summary: 24083 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 41.9%, and 5+ bedroom homes decreased by 0.3%.

Median Sold Price Compared To Nearby Zip Codes

24083
+25.3%
24090
+16.2%
24019
+8.7%
24153
+1.7%
24175
-3.4%

Housing Supply in 24083, VA

How many homes are available in 24083, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109-10.0%

Summary: The 24083 real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 56
+20.0%
4 21
-50.0%
5+ 21
-50.0%

Summary: The 24083 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 increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24083, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 24083 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 24083, 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 24083, VA

Nearby Markets to 24083, VA