$416 Closing Credit*
$35,000
784 SqFt
3 Beds
•2 Full Baths
Jackie McMillon, Listing Office: First Choice Realty
Is 24175, 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, 24175 has remained a Seller's Market.
Key Takeaway
24175 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24175, VA
How much do homes in 24175, VA cost?
Median Sold Price
$400,000
$180/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in 24175 has remained the same since last year.
Summary: The median home sold price in 24175 was $400,000 in October 2024, the same as last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $271.2K | $212.8K | -21.5% |
| 3 Bedrooms | $289.7K | $315K | +8.7% |
| 4 Bedrooms | $518.2K | $583.7K | +12.6% |
| 5+ Bedrooms | $595K | $630K | +5.9% |
Summary: 24175 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 21.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in 24175, VA
How many homes are available in 24175, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 49 | +44.1% |
Summary: The 24175 real estate market had 49 homes for sale in October 2024, a 44.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 13 | 22 | +69.2% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 24175 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 22.2%, 4 bedroom homes increased by 69.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24175, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 24175 in October 2024, up by 71.4% month-over-month. Of the 12 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 24175, VA
How long does it take to sell a home in 24175, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 37 Days | +105.6% |
Summary: Homes in 24175 had an average of 37 days on market in Oct 2024, up by 105.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 24175 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 24175; 8% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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
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.