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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24091 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 24091 was a Seller's Market.

Key Takeaway

24091 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 24091, VA

How much do homes in 24091, VA cost?

Median Sold Price

$289,950

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$60,050(-17.2%)

Key Takeaway

Homes in 24091 have sold for 17.2% less than they did a year ago.

Summary: The median home sold price in 24091 was $289,950 in November 2024, down 17.2% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $265K$233K
-12.1%
2 $200K$251K
+25.5%
3 $290K$321.8K
+11.0%
4 $480K$397.5K
-17.2%
5+ $525K$437K
-16.8%

Summary: 24091 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 16.8%.

Housing Supply in 24091, VA

How many homes are available in 24091, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1920+5.3%

Summary: The 24091 real estate market had 20 homes for sale in November 2024, a 5.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 45
+25.0%
3 77
0.0%
4 33
0.0%
5+ 33
0.0%

Summary: The 24091 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 increased by 25%, 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
43-25.0%

Asking Price vs. Sold Price

2 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 24091, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 24091 in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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 21 Days Ago

Newest Listings in 24091, VA

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