$2,553 Closing Credit*
$215,000
2,361 SqFt
3 Beds
•2 Full Baths
#9974482, Andrew Davenport, Listing Office: American Realty
Is 24201, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$188,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,000(+1.6%)
Key Takeaway
Homes in 24201 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 24201 was $188,000 in November 2024, up 1.6% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $62K | -22.5% |
| 2 Bedrooms | $144.1K | $135K | -6.3% |
| 3 Bedrooms | $207.7K | $210.9K | +1.5% |
| 4 Bedrooms | $257.3K | $277.5K | +7.8% |
| 5+ Bedrooms | $249.9K | $332.4K | +33.0% |
Summary: 24201 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.5%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 33%.
Housing Supply in 24201, VA
How many homes are available in 24201, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 81 | +8.0% |
Summary: The 24201 real estate market had 81 homes for sale in November 2024, a 8.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 38 | 36 | -5.3% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The 24201 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24201, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 24201 in November 2024, up by 20.0% month-over-month. Of the 18 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 58 Days | -2.7% |
Summary: Homes in 24201 had an average of 58 days on market in Nov 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 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 November 2024, 18 homes were sold in 24201; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
