$2,969 Closing Credit*
$250,000
2,405 SqFt
4 Beds
•3 Full Baths
#9973556, Rebecca Arnold, Listing Office: Prestige Homes of the Tri Cities, Inc.
Is 24201, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $62K | -22.5% |
| 2 Bedrooms | $136.5K | $142.5K | +4.4% |
| 3 Bedrooms | $214.3K | $201.2K | -6.1% |
| 4 Bedrooms | $250K | $280K | +12.0% |
| 5+ Bedrooms | $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%.
Housing Supply in 24201, VA
How many homes are available in 24201, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 80 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 50 | 41 | -18.0% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 3 | 3 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 65 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
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.
