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 20 Days Ago

Newest Listings in 24230, VA

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