Is 24347, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24347 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 24347 has remained a Seller's Market.

Key Takeaway

24347 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24347, VA

How much do homes in 24347, VA cost?

Median Sold Price

$266,000

$296/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$919,000(-77.6%)

Key Takeaway

Homes in 24347 have sold for 77.6% less than they did a month ago.

Summary: The median home sold price in 24347 was $266,000 in November 2024, down 77.6% from last month, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$266K
N/A
3 --
N/A
4 $1.1M-
N/A
5+ --
N/A

Summary: 24347 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 24347, VA

How many homes are available in 24347, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
21-50.0%

Summary: The 24347 real estate market had 1 homes for sale in November 2024, a 50.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 00
0.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The 24347 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

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 24347, 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 24347 in November 2024, the same as the previous 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 24347, VA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in 24347, VA

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