$3,324 Closing Credit*
$279,900
2,394 SqFt
4 Beds
•3 Full Baths
Joseph Ruck, Listing Office: Mark A. Dalton & Co., Inc.
Is 24501, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 24501 has remained a Seller's Market.
Key Takeaway
24501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24501, VA
How much do homes in 24501, VA cost?
Median Sold Price
$220,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,962(+8.9%)
Key Takeaway
Homes in 24501 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 24501 was $220,000 in November 2024, up 8.9% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $107.7K | N/A |
| 2 Bedrooms | $150.2K | $150K | -0.1% |
| 3 Bedrooms | $199.5K | $218.5K | +9.5% |
| 4 Bedrooms | $282.1K | $309K | +9.5% |
| 5+ Bedrooms | $210K | $329.9K | +57.1% |
Summary: 24501 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 decreased by 0.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 57.1%.
Housing Supply in 24501, VA
How many homes are available in 24501, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 121 | -8.3% |
Summary: The 24501 real estate market had 121 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 41 | 39 | -4.9% |
| 3 Bedrooms | 58 | 58 | 0.0% |
| 4 Bedrooms | 27 | 19 | -29.6% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The 24501 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 29.6%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 25 | -26.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24501, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 24501 in November 2024, down by 26.5% month-over-month. Of the 25 sold homes, 52% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for 24501, VA
How long does it take to sell a home in 24501, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 25 Days | +80.9% |
Summary: Homes in 24501 had an average of 25 days on market in Nov 2024, up by 80.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 24501 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in 24501; 68% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
