Is 24258, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24258 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 24258 has remained a Seller's Market.

Key Takeaway

24258 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24258, VA

How much do homes in 24258, VA cost?

Median Sold Price

$195,000

$110/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$87,500(+81.4%)

Key Takeaway

Homes in 24258 have sold for 81.4% more than they did a month ago.

Summary: The median home sold price in 24258 was $195,000 in October 2024, up 81.4% from last month, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $30K-
N/A
3 $185K$195K
+5.4%
4 --
N/A
5+ --
N/A

Summary: 24258 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

24271
+166.7%
24258
+81.4%

Housing Supply in 24258, VA

How many homes are available in 24258, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
64-33.3%

Summary: The 24258 real estate market had 4 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 32
-33.3%
4 00
0.0%
5+ 11
0.0%

Summary: The 24258 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24258, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 24258 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 24258, VA

How long does it take to sell a home in 24258, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
92 Days47 Days-48.9%

Summary: Homes in 24258 had an average of 47 days on market in Oct 2024, down by 48.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 24258 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 24258; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in 24258, VA

Nearby Markets to 24258, VA