$7,719 Closing Credit*
$650,000
2,458 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: NEXTHOME NEW RIVER VALLEY
Is 24112, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 24112 was a Seller's Market.
Key Takeaway
24112 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 24112, VA
How much do homes in 24112, VA cost?
Median Sold Price
$125,750
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$22,110(-15.0%)
Key Takeaway
Homes in 24112 have sold for 15% less than they did a year ago.
Summary: The median home sold price in 24112 was $125,750 in October 2024, down 15% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $55K | N/A |
| 2 Bedrooms | $108.9K | $65K | -40.3% |
| 3 Bedrooms | $146.9K | $121.8K | -17.1% |
| 4 Bedrooms | $199.9K | $138.5K | -30.7% |
| 5+ Bedrooms | $389K | $400.5K | +3.0% |
Summary: 24112 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 40.3%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes decreased by 30.7%, and 5+ bedroom homes increased by 3%.
Housing Supply in 24112, VA
How many homes are available in 24112, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 47 | +30.6% |
Summary: The 24112 real estate market had 47 homes for sale in October 2024, a 30.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 7 | 12 | +71.4% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 24112 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 71.4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24112, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 24112 in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for 24112, VA
We’re sorry, we don't have information for this market at the moment
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.