Is 24211, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24211 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 24211 was a Seller's Market.

Key Takeaway

24211 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 24211, VA

How much do homes in 24211, VA cost?

Median Sold Price

$381,450

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$550(-0.1%)

Key Takeaway

The sold price of homes in 24211 has remained the same since last year.

Summary: The median home sold price in 24211 was $381,450 in October 2024, down 0.1% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $192.5K$267.2K
+38.8%
3 $334.5K$350K
+4.6%
4 $437K$399.9K
-8.5%
5+ $565K$780K
+38.1%

Summary: 24211 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 38.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 38.1%.

Median Sold Price Compared To Nearby Zip Codes

24361
+16.2%
37620
+11.1%
24210
0.2%
24211
-0.1%

Housing Supply in 24211, VA

How many homes are available in 24211, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2528+12.0%

Summary: The 24211 real estate market had 28 homes for sale in October 2024, a 12.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1514
-6.7%
4 610
+66.7%
5+ 33
0.0%

Summary: The 24211 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 remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24211, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 24211 in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 24211, VA

How long does it take to sell a home in 24211, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
66 Days52 Days-22.2%

Summary: Homes in 24211 had an average of 52 days on market in Oct 2024, down by 22.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 24211 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 24211; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in 24211, VA

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