Is 24201, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24201 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 24201 has remained a Seller's Market.

Key Takeaway

24201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24201, VA

How much do homes in 24201, VA cost?

Median Sold Price

$185,000

$129/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 24201 has remained the same since last year.

Summary: The median home sold price in 24201 was $185,000 in October 2024, the same as last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80K$62K
-22.5%
2 $136.5K$142.5K
+4.4%
3 $214.3K$201.2K
-6.1%
4 $250K$280K
+12.0%
5+ $249.9K$325K
+30.1%

Summary: 24201 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.5%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 30.1%.

Median Sold Price Compared To Nearby Zip Codes

37620
+11.1%
24202
0.4%
24201
0.0%

Housing Supply in 24201, VA

How many homes are available in 24201, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8880-9.1%

Summary: The 24201 real estate market had 80 homes for sale in October 2024, a 9.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2120
-4.8%
3 5041
-18.0%
4 1416
+14.3%
5+ 33
0.0%

Summary: The 24201 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 decreased by 4.8%, 3 bedroom homes decreased by 18%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2015-25.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24201, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 24201 in October 2024, down by 25.0% month-over-month. Of the 15 sold homes, 73% were sold under asking, 7% were sold at asking, and 20% were sold over asking.

Days on Market for 24201, VA

How long does it take to sell a home in 24201, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days65 Days+35.3%

Summary: Homes in 24201 had an average of 65 days on market in Oct 2024, up by 35.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 24201 has remained consistent over time.

Summary: During October 2024, 15 homes were sold in 24201; 27% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

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 24201, VA

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