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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24179 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 24179 has remained a Seller's Market.

Key Takeaway

24179 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24179, VA

How much do homes in 24179, VA cost?

Median Sold Price

$295,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$20,012(+7.3%)

Key Takeaway

Homes in 24179 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 24179 was $295,000 in December 2024, up 7.3% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$200K
N/A
2 $179.9K$195.5K
+8.6%
3 $255K$288K
+12.9%
4 $322.5K$325K
+0.8%
5+ $355K$405.5K
+14.2%

Summary: 24179 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 14.2%.

Median Sold Price Compared To Nearby Zip Codes

24012
+8.9%
24095
+8.1%
24179
+7.3%
24101
+4.4%
24064
0.3%

Housing Supply in 24179, VA

How many homes are available in 24179, VA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6467+4.7%

Summary: The 24179 real estate market had 67 homes for sale in December 2024, a 4.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1412
-14.3%
3 2728
+3.7%
4 1922
+15.8%
5+ 45
+25.0%

Summary: The 24179 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1619+18.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24179, you could pay more than the asking price. 36.8% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 24179 in December 2024, up by 18.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 32% were sold at asking, and 37% 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 2 Days Ago

Newest Listings in 24179, VA

Nearby Markets to 24179, VA