$2,375 Closing Credit*
$199,995
1,414 SqFt
3 Beds
•1 Full Bath, 1 Partial
#9973819, Noelle Owens, Listing Office: Ridgeview Real Estate
Is 24224, 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, 24224 was a Seller's Market.
Key Takeaway
24224 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 24224, VA
How much do homes in 24224, VA cost?
Median Sold Price
$137,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$62,250(-31.2%)
Key Takeaway
Homes in 24224 have sold for 31.2% less than they did a year ago.
Summary: The median home sold price in 24224 was $137,000 in November 2024, down 31.2% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $89.9K | $154K | +71.2% |
| 3 Bedrooms | $203.5K | $119.7K | -41.2% |
| 4 Bedrooms | $252.5K | $187.5K | -25.7% |
| 5+ Bedrooms | $197.4K | - | N/A |
Summary: 24224 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 71.2%, 3 bedroom homes decreased by 41.2%, 4 bedroom homes decreased by 25.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 24266 | $243.2K | $200K | -17.8% |
| 24224 | $199.2K | $137K | -31.2% |
Housing Supply in 24224, VA
How many homes are available in 24224, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The 24224 real estate market had 11 homes for sale in November 2024, a 8.3% decrease 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 | 9 | 8 | -11.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 24224 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 decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24224, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 24224 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 24224, VA
How long does it take to sell a home in 24224, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 116 Days | +169.8% |
Summary: Homes in 24224 had an average of 116 days on market in Nov 2024, up by 169.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 24224 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in 24224; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
