$159,900
563 SqFt
1 Bed
•1 Full Bath
Christopher Kiger, Listing Office: eXp Realty LLC-Lynchburg
October 2024
Report Updated 20 Days Ago
Is 24504, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 24504 was a Seller's Market.
How much do homes in 24504, VA cost?
$160,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in 24504 was $160,000 in October 2024, down 12% from last year, and the median price per square foot was $108.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $219.9K | $209.4K | -4.8% |
2 Bedrooms | $143.5K | $89.9K | -37.4% |
3 Bedrooms | $180K | $173K | -3.9% |
4 Bedrooms | $207.5K | $193K | -7.0% |
5+ Bedrooms | $410K | $387.4K | -5.5% |
Summary: 24504 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 37.4%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 5.5%.
How many homes are available in 24504, VA?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
67 | 72 | +7.5% |
Summary: The 24504 real estate market had 72 homes for sale in October 2024, a 7.5% increase compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 16 | 14 | -12.5% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 24504 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 40%.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
14 | 10 | -28.6% |
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 24504 in October 2024, down by 28.6% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
How long does it take to sell a home in 24504, VA?
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
61 Days | 40 Days | -34.4% |
Summary: Homes in 24504 had an average of 40 days on market in Oct 2024, down by 34.4% compared to last year.
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During October 2024, 10 homes were sold in 24504; 30% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 10% 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 20 Days Ago
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Based on information from Lynchburg MLS, Roanoke Valley Association of Realtors MLS, BrightMLS, and Real Estate Information Network for the period 11/01/2022 - 11/01/2024
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