Is 24243, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24243 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 24243 has remained a Seller's Market.

Key Takeaway

24243 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24243, VA

How much do homes in 24243, VA cost?

Median Sold Price

$170,000

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+41.7%)

Key Takeaway

Homes in 24243 have sold for 41.7% more than they did a year ago.

Summary: The median home sold price in 24243 was $170,000 in October 2024, up 41.7% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $350K-
N/A
3 $100K$145K
+45.0%
4 $219.5K$350K
+59.5%
5+ -$260K
N/A

Summary: 24243 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 did not change, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 59.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

24243
+41.7%
24219
+14.3%
24244
+1.5%
24277
-39.9%

Housing Supply in 24243, VA

How many homes are available in 24243, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The 24243 real estate market had 4 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 24243 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 remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24243, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 24243 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 24243, VA

How long does it take to sell a home in 24243, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
143 Days56 Days-60.4%

Summary: Homes in 24243 had an average of 56 days on market in Oct 2024, down by 60.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 24243 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 24243; 0% of homes were sold within 30 days, 67% 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 15 Days Ago

Newest Listings in 24243, VA

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