$1,275 Closing Credit*
$107,400
1,121 SqFt
3 Beds
•2 Full Baths
#9972688, Amy Hubbard, Listing Office: Century 21 Bennett & Edwards
Is 24228, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 24228 was a Seller's Market.
Key Takeaway
24228 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 24228, VA
How much do homes in 24228, VA cost?
Median Sold Price
$147,500
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,500(+23.9%)
Key Takeaway
Homes in 24228 have sold for 23.9% more than they did a year ago.
Summary: The median home sold price in 24228 was $147,500 in October 2024, up 23.9% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $82K | $72K | -12.2% |
| 3 Bedrooms | $120K | $157K | +30.8% |
| 4 Bedrooms | $355K | $229K | -35.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: 24228 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 decreased by 12.2%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 35.5%, and 5+ bedroom homes did not change.
Housing Supply in 24228, VA
How many homes are available in 24228, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Summary: The 24228 real estate market had 16 homes for sale in October 2024, a 15.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 24228 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 26.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24228, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 24228 in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 24228, VA
How long does it take to sell a home in 24228, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 147 Days | +126.2% |
Summary: Homes in 24228 had an average of 147 days on market in Oct 2024, up by 126.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 24228 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 2 homes were sold in 24228; 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.
