Is 24104, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24104 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 24104 was a Seller's Market.

Key Takeaway

24104 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 24104, VA

How much do homes in 24104, VA cost?

Median Sold Price

$410,000

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+6.5%)

Key Takeaway

Homes in 24104 have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in 24104 was $410,000 in October 2024, up 6.5% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $147.2K$132.5K
-10.0%
2 $379.9K$367.5K
-3.3%
3 $382K$512.4K
+34.1%
4 $600K$665K
+10.8%
5+ $1.2M$2.4M
+94.0%

Summary: 24104 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 34.1%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 94%.

Median Sold Price Compared To Nearby Zip Codes

24121
+20.3%
24104
+6.5%
24523
+2.9%

Housing Supply in 24104, VA

How many homes are available in 24104, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5872+24.1%

Summary: The 24104 real estate market had 72 homes for sale in October 2024, a 24.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 66
0.0%
2 910
+11.1%
3 2936
+24.1%
4 913
+44.4%
5+ 57
+40.0%

Summary: The 24104 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 11.1%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
910+11.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24104, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 24104 in October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.

Days on Market for 24104, VA

How long does it take to sell a home in 24104, VA?

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 24104 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 24104; 30% of homes were sold within 30 days, 10% 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 9 Days Ago

Newest Listings in 24104, VA

Nearby Markets to 24104, VA