Is 24101, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24101 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 24101 has remained a Seller's Market.

Key Takeaway

24101 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24101, VA

How much do homes in 24101, VA cost?

Median Sold Price

$425,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,000(+0.7%)

Key Takeaway

Homes in 24101 have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in 24101 was $425,000 in October 2024, up 0.7% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$559K
N/A
2 $429K$435K
+1.4%
3 $400K$402.5K
+0.6%
4 $445.7K$440K
-1.3%
5+ $480K$507.5K
+5.7%

Summary: 24101 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 increased by 1.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

24095
+21.6%
24184
+14.0%
24179
+8.2%
24014
+1.2%
24101
+0.7%

Housing Supply in 24101, VA

How many homes are available in 24101, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3540+14.3%

Summary: The 24101 real estate market had 40 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2224
+9.1%
4 810
+25.0%
5+ 45
+25.0%

Summary: The 24101 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 increased by 9.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24101, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 24101 in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.

Days on Market for 24101, VA

How long does it take to sell a home in 24101, VA?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 24101 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 8 homes were sold in 24101; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

Newest Listings in 24101, VA

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