Is 24293, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24293 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 24293 was a Buyer's Market.

Key Takeaway

24293 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 24293, VA

How much do homes in 24293, VA cost?

Median Sold Price

$109,900

$98/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$37,200(+51.2%)

Key Takeaway

Homes in 24293 have sold for 51.2% more than they did a month ago.

Summary: The median home sold price in 24293 was $109,900 in November 2024, up 51.2% from last month, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $72.7K$72K
-1.0%
3 -$215K
N/A
4 --
N/A
5+ -$230K
N/A

Summary: 24293 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

24293
+51.2%
24273
+1.2%

Housing Supply in 24293, VA

How many homes are available in 24293, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
32320.0%

Summary: The 24293 real estate market had 32 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 1820
+11.1%
4 65
-16.7%
5+ 22
0.0%

Summary: The 24293 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24293, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in 24293 in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for 24293, VA

How long does it take to sell a home in 24293, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
36 Days65 Days+80.6%

Summary: Homes in 24293 had an average of 65 days on market in Nov 2024, up by 80.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 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 24293 has remained consistent over time.

Summary: During November 2024, 5 homes were sold in 24293; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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 27 Days Ago

Newest Listings in 24293, VA

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