$160,000
80.00 Acres
Land
#9974487, Larry Braaten, Listing Office: REMAX Rising JC
Is 24202, 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, 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
$257,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$950(-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 $257,500 in November 2024, down 0.4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $267.5K | N/A |
| 2 Bedrooms | $128.5K | $158.5K | +23.3% |
| 3 Bedrooms | $229.9K | $247.5K | +7.7% |
| 4 Bedrooms | $375K | $335K | -10.7% |
| 5+ Bedrooms | $858.1K | $509.5K | -40.6% |
Summary: 24202 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 40.6%.
Housing Supply in 24202, VA
How many homes are available in 24202, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 66 | -1.5% |
Summary: The 24202 real estate market had 66 homes for sale in November 2024, a 1.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 37 | 35 | -5.4% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 24202 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24202, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 24202 in November 2024, down by 7.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 63 Days | +40.1% |
Summary: Homes in 24202 had an average of 63 days on market in Nov 2024, up by 40.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 24202 has remained consistent over time.
Summary: During November 2024, 13 homes were sold in 24202; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
