$4,262 Closing Credit*
$358,900
2,153 SqFt
3 Beds
•2 Full Baths
CHARLOTTESVILLESOLD TEAM, Listing Office: MONTAGUE, MILLER & CO. - WESTFIELD
Is 24401, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 24401 has remained a Seller's Market.
Key Takeaway
24401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24401, VA
How much do homes in 24401, VA cost?
Median Sold Price
$293,944
$165/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$48,945(+20.0%)
Key Takeaway
Homes in 24401 have sold for 20% more than they did a month ago.
Summary: The median home sold price in 24401 was $293,944 in October 2024, up 20% from last month, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $242.8K | N/A |
| 3 Bedrooms | $239.9K | $384K | +60.0% |
| 4 Bedrooms | $379K | $235.5K | -37.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 24401 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 60%, 4 bedroom homes decreased by 37.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 22939 | $325K | $447.3K | +37.6% |
| 24401 | $244.9K | $293.9K | +20.0% |
Housing Supply in 24401, VA
How many homes are available in 24401, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The 24401 real estate market had 23 homes for sale in October 2024, a 4.2% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 24401 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 25%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24401, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 24401 in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for 24401, VA
How long does it take to sell a home in 24401, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 39 Days | +720.3% |
Summary: Homes in 24401 had an average of 39 days on market in Oct 2024, up by 720.3% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 24401 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 24401; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
