$39,900
5.68 Acres
Land
Jonathan Minerick, Listing Office: Homecoin.com
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.
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. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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