$2,136 Closing Credit*
$179,900
1,820 SqFt
3 Beds
•2 Full Baths
#9973675, Dawn Carter, Listing Office: Copper Key Properties
Is 24251, 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, 24251 was a Seller's Market.
Key Takeaway
24251 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 24251, VA
How much do homes in 24251, VA cost?
Median Sold Price
$194,500
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,500(+28.8%)
Key Takeaway
Homes in 24251 have sold for 28.8% more than they did a year ago.
Summary: The median home sold price in 24251 was $194,500 in October 2024, up 28.8% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $126K | $137K | +8.7% |
| 3 Bedrooms | $174.9K | $190K | +8.6% |
| 4 Bedrooms | $237.5K | $239.1K | +0.7% |
| 5+ Bedrooms | $590K | $290K | -50.8% |
Summary: 24251 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 8.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 50.8%.
Median Sold Price Compared To Nearby Zip Codes
| 24251 | $151K | $194.5K | +28.8% |
| 37660 | $223.5K | $240.2K | +7.5% |
| 24290 | $167.5K | $170K | +1.5% |
Housing Supply in 24251, VA
How many homes are available in 24251, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 33 | -13.2% |
Summary: The 24251 real estate market had 33 homes for sale in October 2024, a 13.2% 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 | 9 | 6 | -33.3% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 24251 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 decreased by 33.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24251, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 24251 in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 24251, VA
How long does it take to sell a home in 24251, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 90 Days | +47.3% |
Summary: Homes in 24251 had an average of 90 days on market in Oct 2024, up by 47.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 24251 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 24251; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
