$2,601 Closing Credit*
$219,000
993 SqFt
2 Beds
•1 Full Bath
#9973682, Kashia Bordwine, Listing Office: Holston Realty, Inc.
Is 24202, 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, 24202 has remained a Seller's Market.
Key Takeaway
24202 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24202, VA
How much do homes in 24202, VA cost?
Median Sold Price
$260,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,000(+0.4%)
Key Takeaway
The sold price of homes in 24202 has remained the same since last year.
Summary: The median home sold price in 24202 was $260,000 in October 2024, up 0.4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $267.5K | N/A |
| 2 Bedrooms | $129.2K | $158.5K | +22.7% |
| 3 Bedrooms | $237.5K | $245K | +3.2% |
| 4 Bedrooms | $356K | $335K | -5.9% |
| 5+ Bedrooms | $630K | $520K | -17.5% |
Summary: 24202 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 22.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 17.5%.
Housing Supply in 24202, VA
How many homes are available in 24202, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 71 | +16.4% |
Summary: The 24202 real estate market had 71 homes for sale in October 2024, a 16.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 33 | 40 | +21.2% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 24202 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 75%, 3 bedroom homes increased by 21.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 14 | +250.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24202, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 24202 in October 2024, up by 250.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 7% were sold at asking, and 43% were sold over asking.
Days on Market for 24202, VA
How long does it take to sell a home in 24202, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 51 Days | +18.8% |
Summary: Homes in 24202 had an average of 51 days on market in Oct 2024, up by 18.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 24202 has remained consistent over time.
Summary: During October 2024, 14 homes were sold in 24202; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
