Is 24422, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24422 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 24422 was a Seller's Market.

Key Takeaway

24422 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 24422, VA

How much do homes in 24422, VA cost?

Median Sold Price

$135,000

$87/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$9,250(+7.4%)

Key Takeaway

Homes in 24422 have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in 24422 was $135,000 in December 2024, up 7.4% from last year, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$82.4K
N/A
2 $45K$129K
+186.7%
3 $116.7K$135K
+15.6%
4 $172K$231K
+34.3%
5+ $235K$269.9K
+14.9%

Summary: 24422 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 186.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Zip Codes

24085
+14.9%
24422
+7.4%

Housing Supply in 24422, VA

How many homes are available in 24422, VA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2519-24.0%

Summary: The 24422 real estate market had 19 homes for sale in December 2024, a 24.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 31
-66.7%
3 1310
-23.1%
4 44
0.0%
5+ 44
0.0%

Summary: The 24422 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
81-87.5%

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 24422, 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 24422 in December 2024, down by 87.5% 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 24422, VA

How long does it take to sell a home in 24422, VA?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 24422 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 24422; 100% of homes were sold within 30 days, 0% 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 2 Days Ago

Newest Listings in 24422, VA

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