$1,651 Closing Credit*
$139,000
1,550 SqFt
3 Beds
•1 Full Bath
#9973299, Tim Gardner, Listing Office: Century 21 Bennett & Edwards
Is 24277, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 24277 has remained a Buyer's Market.
Key Takeaway
24277 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 24277, VA
How much do homes in 24277, VA cost?
Median Sold Price
$97,000
$66/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$64,500(-39.9%)
Key Takeaway
Homes in 24277 have sold for 39.9% less than they did a year ago.
Summary: The median home sold price in 24277 was $97,000 in October 2024, down 39.9% from last year, and the median price per square foot was $66.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $62.5K | $48.7K | -22.0% |
| 3 Bedrooms | $175K | $90K | -48.6% |
| 4 Bedrooms | $275K | $180K | -34.5% |
| 5+ Bedrooms | $412.9K | $186.7K | -54.8% |
Summary: 24277 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 decreased by 22%, 3 bedroom homes decreased by 48.6%, 4 bedroom homes decreased by 34.5%, and 5+ bedroom homes decreased by 54.8%.
Median Sold Price Compared To Nearby Zip Codes
| 24243 | $120K | $170K | +41.7% |
| 24277 | $161.5K | $97K | -39.9% |
Housing Supply in 24277, VA
How many homes are available in 24277, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Summary: The 24277 real estate market had 18 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 24277 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 increased by 50%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 24277, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 24277 in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 24277, VA
How long does it take to sell a home in 24277, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 101 Days | 203 Days | +101.0% |
Summary: Homes in 24277 had an average of 203 days on market in Oct 2024, up by 101% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 24277 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 24277; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.