$3,919 Closing Credit*
$330,000
1,768 SqFt
3 Beds
•2 Full Baths
Listing Office: LONG & FOSTER - SMITH MTN LAKE
Is 24121, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 24121 has remained a Seller's Market.
Key Takeaway
24121 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24121, VA
How much do homes in 24121, VA cost?
Median Sold Price
$527,300
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$88,956(+20.3%)
Key Takeaway
Homes in 24121 have sold for 20.3% more than they did a year ago.
Summary: The median home sold price in 24121 was $527,300 in October 2024, up 20.3% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $235K | +30.6% |
| 2 Bedrooms | $418K | $462.4K | +10.6% |
| 3 Bedrooms | $399.9K | $490K | +22.5% |
| 4 Bedrooms | $750K | $922.5K | +23.0% |
| 5+ Bedrooms | $1.0M | $1.4M | +32.6% |
Summary: 24121 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.6%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 32.6%.
Housing Supply in 24121, VA
How many homes are available in 24121, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 129 | 147 | +14.0% |
Summary: The 24121 real estate market had 147 homes for sale in October 2024, a 14.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 68 | 77 | +13.2% |
| 4 Bedrooms | 35 | 35 | 0.0% |
| 5+ Bedrooms | 10 | 19 | +90.0% |
Summary: The 24121 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 13.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 90%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24121, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 24121 in October 2024, the same as the previous month. Of the 29 sold homes, 55% were sold under asking, 21% were sold at asking, and 24% were sold over asking.
Days on Market for 24121, VA
How long does it take to sell a home in 24121, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 1 Day | 58 Days | +5700.0% |
Summary: Homes in 24121 had an average of 58 days on market in Oct 2024, up by 5700% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 24121 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 24121; 7% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
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