$22,500
Land
Carson Heckman, Listing Office: Keller Williams
Is 24517, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 24517 was a Buyer's Market.
Key Takeaway
24517 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 24517, VA
How much do homes in 24517, VA cost?
Median Sold Price
$186,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$29,000(-13.5%)
Key Takeaway
Homes in 24517 have sold for 13.5% less than they did a year ago.
Summary: The median home sold price in 24517 was $186,000 in November 2024, down 13.5% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $156.7K | $117K | -25.4% |
| 3 Bedrooms | $209.9K | $180K | -14.2% |
| 4 Bedrooms | $228K | $250K | +9.6% |
| 5+ Bedrooms | $306K | $267.4K | -12.6% |
Summary: 24517 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 25.4%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 12.6%.
Median Sold Price Compared To Nearby Zip Codes
| 24563 | $177.5K | $200K | +12.7% |
| 24550 | $316K | $314.5K | -0.5% |
| 24517 | $215K | $186K | -13.5% |
Housing Supply in 24517, VA
How many homes are available in 24517, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Summary: The 24517 real estate market had 18 homes for sale in November 2024, a 14.3% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 24517 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 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24517, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 24517 in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 24517, VA
How long does it take to sell a home in 24517, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 99 Days | +1423.1% |
Summary: Homes in 24517 had an average of 99 days on market in Nov 2024, up by 1423.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 24517 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 24517; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
