Is 24179, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24179 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 24179 was a Seller's Market.

Key Takeaway

24179 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 24179, VA

How much do homes in 24179, VA cost?

Median Sold Price

$292,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,050(+8.2%)

Key Takeaway

Homes in 24179 have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in 24179 was $292,000 in October 2024, up 8.2% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$200K
N/A
2 $167.4K$210K
+25.4%
3 $250K$280K
+12.0%
4 $302K$351.1K
+16.3%
5+ $417.4K$352.5K
-15.6%

Summary: 24179 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 increased by 25.4%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 15.6%.

Median Sold Price Compared To Nearby Zip Codes

24095
+21.6%
24012
+8.9%
24179
+8.2%
24064
+2.9%
24101
+0.7%

Housing Supply in 24179, VA

How many homes are available in 24179, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6875+10.3%

Summary: The 24179 real estate market had 75 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 812
+50.0%
3 3133
+6.5%
4 2023
+15.0%
5+ 97
-22.2%

Summary: The 24179 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 50%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2510-60.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24179, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in 24179 in October 2024, down by 60.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.

Days on Market for 24179, VA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 24179, VA

Nearby Markets to 24179, VA