$3,205 Closing Credit*
$269,900
2,200 SqFt
Stacy Powell, 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 October 2023
Since last year, 24517 has remained a Seller's Market.
Key Takeaway
24517 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24517, VA
How much do homes in 24517, VA cost?
Median Sold Price
$181,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$34,000(-15.8%)
Key Takeaway
Homes in 24517 have sold for 15.8% less than they did a year ago.
Summary: The median home sold price in 24517 was $181,000 in October 2024, down 15.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $163.5K | $119K | -27.2% |
| 3 Bedrooms | $209.9K | $180K | -14.2% |
| 4 Bedrooms | $227.5K | $240K | +5.5% |
| 5+ Bedrooms | $306K | $260K | -15.0% |
Summary: 24517 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.2%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 15%.
Median Sold Price Compared To Nearby Zip Codes
| 24563 | $175K | $200K | +14.3% |
| 24550 | $312.9K | $315.8K | +0.9% |
| 24554 | $274.9K | $232K | -15.6% |
| 24517 | $215K | $181K | -15.8% |
Housing Supply in 24517, VA
How many homes are available in 24517, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The 24517 real estate market had 18 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 24517 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 24517, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 24517 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 42 Days | +96.9% |
Summary: Homes in 24517 had an average of 42 days on market in Oct 2024, up by 96.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 24517 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 24517; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
