Is 24426, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24426 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 24426 has remained a Seller's Market.

Key Takeaway

24426 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24426, VA

How much do homes in 24426, VA cost?

Median Sold Price

$147,950

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$12,050(-7.5%)

Key Takeaway

Homes in 24426 have sold for 7.5% less than they did a year ago.

Summary: The median home sold price in 24426 was $147,950 in November 2024, down 7.5% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $101K$108.7K
+7.7%
3 $164.9K$155K
-6.0%
4 $164.7K$167.5K
+1.7%
5+ $379.9K$309.5K
-18.5%

Summary: 24426 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 18.5%.

Housing Supply in 24426, VA

How many homes are available in 24426, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2632+23.1%

Summary: The 24426 real estate market had 32 homes for sale in November 2024, a 23.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 1415
+7.1%
4 57
+40.0%
5+ 23
+50.0%

Summary: The 24426 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 increased by 40%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24426, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 24426 in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for 24426, 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 21 Days Ago

Newest Listings in 24426, VA

Nearby Markets to 24426, VA