Is 24087, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24087 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 24087 was a Neutral Market.

Key Takeaway

24087 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24087, VA

How much do homes in 24087, VA cost?

Median Sold Price

$489,500

$185/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$137,250(+39.0%)

Key Takeaway

Homes in 24087 have sold for 39% more than they did a month ago.

Summary: The median home sold price in 24087 was $489,500 in October 2024, up 39% from last month, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$159K
N/A
4 -$820K
N/A
5+ $352.2K-
N/A

Summary: 24087 housing prices by bedroom type for October 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

24162
+80.6%
24087
+39.0%
24073
+38.1%

Housing Supply in 24087, VA

How many homes are available in 24087, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
660.0%

Summary: The 24087 real estate market had 6 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 22
0.0%
4 12
+100.0%
5+ 10
-100.0%

Summary: The 24087 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24087, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 24087 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 24087, 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 17 Days Ago

Newest Listings in 24087, VA

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