$3,919 Closing Credit*
$330,000
2,735 SqFt
6 Beds
•3 Full Baths
Schyler C Higgins, Listing Office: Cornerstone Realty Group Inc
Is 24502, 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, 24502 has remained a Seller's Market.
Key Takeaway
24502 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24502, VA
How much do homes in 24502, VA cost?
Median Sold Price
$285,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,366(+8.1%)
Key Takeaway
Homes in 24502 have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in 24502 was $285,000 in November 2024, up 8.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $205K | +10.8% |
| 3 Bedrooms | $263K | $285K | +8.4% |
| 4 Bedrooms | $292K | $319.5K | +9.4% |
| 5+ Bedrooms | $460K | $353.9K | -23.1% |
Summary: 24502 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 10.8%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 23.1%.
Housing Supply in 24502, VA
How many homes are available in 24502, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 159 | 166 | +4.4% |
Summary: The 24502 real estate market had 166 homes for sale in November 2024, a 4.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 27 | 25 | -7.4% |
| 3 Bedrooms | 86 | 98 | +14.0% |
| 4 Bedrooms | 32 | 33 | +3.1% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The 24502 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 decreased by 7.4%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 45 | +36.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24502, you may be able to get a good deal. 37.8% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in 24502 in November 2024, up by 36.4% month-over-month. Of the 45 sold homes, 38% were sold under asking, 38% were sold at asking, and 24% were sold over asking.
Days on Market for 24502, VA
How long does it take to sell a home in 24502, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 30 Days | +127.4% |
Summary: Homes in 24502 had an average of 30 days on market in Nov 2024, up by 127.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 24502 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 45 homes were sold in 24502; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.