$474 Closing Credit*
$39,900
930 SqFt
3 Beds
•1 Full Bath
Listing Office: Century 21 Virginia Wilder Real Estate
Is 24216, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 24216 was a Buyer's Market.
Key Takeaway
24216 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24216, VA
How much do homes in 24216, VA cost?
Median Sold Price
$37,850
$28/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,150(-36.9%)
Key Takeaway
Homes in 24216 have sold for 36.9% less than they did a year ago.
Summary: The median home sold price in 24216 was $37,850 in November 2024, down 36.9% from last year, and the median price per square foot was $28.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $52.5K | $20K | -61.9% |
| 3 Bedrooms | $63.5K | $41.5K | -34.6% |
| 4 Bedrooms | $80K | $84.9K | +6.2% |
| 5+ Bedrooms | $95K | $22K | -76.8% |
Summary: 24216 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 decreased by 61.9%, 3 bedroom homes decreased by 34.6%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 76.8%.
Housing Supply in 24216, VA
How many homes are available in 24216, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Summary: The 24216 real estate market had 9 homes for sale in November 2024, a 50.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 24216 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24216, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 24216 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 24216, VA
How long does it take to sell a home in 24216, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 67 Days | +46.7% |
Summary: Homes in 24216 had an average of 67 days on market in Nov 2024, up by 46.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 24216 has remained consistent over time.
Summary: During November 2024, 2 homes were sold in 24216; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.