Is 24091, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24091 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 24091 has remained a Seller's Market.

Key Takeaway

24091 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24091, VA

How much do homes in 24091, VA cost?

Median Sold Price

$300,000

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$50,000(-14.3%)

Key Takeaway

Homes in 24091 have sold for 14.3% less than they did a year ago.

Summary: The median home sold price in 24091 was $300,000 in October 2024, down 14.3% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $265K$233K
-12.1%
2 $200K$285K
+42.5%
3 $270K$321.8K
+19.2%
4 $396.5K$550K
+38.7%
5+ $525K$387K
-26.3%

Summary: 24091 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes increased by 42.5%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 38.7%, and 5+ bedroom homes decreased by 26.3%.

Housing Supply in 24091, VA

How many homes are available in 24091, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2122+4.8%

Summary: The 24091 real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 24
+100.0%
3 109
-10.0%
4 64
-33.3%
5+ 23
+50.0%

Summary: The 24091 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24091, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 24091 in October 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 24091, 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 20 Days Ago

Newest Listings in 24091, VA

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