$4,036 Closing Credit*
$339,900
2,461 SqFt
4 Beds
•3 Full Baths
Wendy R Reddy, Listing Office: Reddy Real Estate, Inc
Is 24503, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 24503 has remained a Seller's Market.
Key Takeaway
24503 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24503, VA
How much do homes in 24503, VA cost?
Median Sold Price
$384,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,100(+3.8%)
Key Takeaway
Homes in 24503 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 24503 was $384,000 in October 2024, up 3.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $41K | -61.0% |
| 2 Bedrooms | $193K | $175K | -9.3% |
| 3 Bedrooms | $309.9K | $375K | +21.0% |
| 4 Bedrooms | $450K | $415K | -7.8% |
| 5+ Bedrooms | $539.9K | $650K | +20.4% |
Summary: 24503 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 21%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 20.4%.
Housing Supply in 24503, VA
How many homes are available in 24503, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 100 | -10.7% |
Summary: The 24503 real estate market had 100 homes for sale in October 2024, a 10.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 8 | -38.5% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 32 | 33 | +3.1% |
| 5+ Bedrooms | 30 | 21 | -30.0% |
Summary: The 24503 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 38.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 24 | -20.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24503, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 24503 in October 2024, down by 20.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 29% were sold at asking, and 17% were sold over asking.
Days on Market for 24503, VA
How long does it take to sell a home in 24503, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 32 Days | -15.1% |
Summary: Homes in 24503 had an average of 32 days on market in Oct 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 24503 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 24503; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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.