Is 24090, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24090 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 24090 was a Buyer's Market.

Key Takeaway

24090 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24090, VA

How much do homes in 24090, VA cost?

Median Sold Price

$450,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$101,077(+29.0%)

Key Takeaway

Homes in 24090 have sold for 29% more than they did a year ago.

Summary: The median home sold price in 24090 was $450,000 in October 2024, up 29% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $457.9K-
N/A
2 $204.4K$187.5K
-8.3%
3 $325K$335K
+3.1%
4 $455.9K$515K
+13.0%
5+ $659K$895K
+35.8%

Summary: 24090 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 decreased by 8.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 35.8%.

Median Sold Price Compared To Nearby Zip Codes

24090
+29.0%
24085
+4.1%
24064
+2.9%
24066
+1.5%
24175
0.0%

Housing Supply in 24090, VA

How many homes are available in 24090, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2019-5.0%

Summary: The 24090 real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 98
-11.1%
4 76
-14.3%
5+ 33
0.0%

Summary: The 24090 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 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

5 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 24090, 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 24090 in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for 24090, VA

How long does it take to sell a home in 24090, VA?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 24090 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 24090; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in 24090, VA

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