Is 24230, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24230 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 24230 has remained a Seller's Market.

Key Takeaway

24230 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24230, VA

How much do homes in 24230, VA cost?

Median Sold Price

$143,240

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$51,240(+55.7%)

Key Takeaway

Homes in 24230 have sold for 55.7% more than they did a year ago.

Summary: The median home sold price in 24230 was $143,240 in October 2024, up 55.7% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $14.5K-
N/A
2 $82.2K$99.2K
+20.7%
3 $84.4K$144.1K
+70.8%
4 $153K$245K
+60.1%
5+ $127.5K$151.3K
+18.7%

Summary: 24230 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 20.7%, 3 bedroom homes increased by 70.8%, 4 bedroom homes increased by 60.1%, and 5+ bedroom homes increased by 18.7%.

Housing Supply in 24230, VA

How many homes are available in 24230, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1615-6.3%

Summary: The 24230 real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 88
0.0%
4 55
0.0%
5+ 10
-100.0%

Summary: The 24230 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24230, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 24230 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 24230, VA

How long does it take to sell a home in 24230, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
91 Days84 Days-7.2%

Summary: Homes in 24230 had an average of 84 days on market in Oct 2024, down by 7.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 24230 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 24230; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

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