$2,671 Closing Credit*
$224,900
1,512 SqFt
3 Beds
•2 Full Baths
Christina Holmes, Listing Office: Keller Williams
Is 24521, 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, 24521 has remained a Seller's Market.
Key Takeaway
24521 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24521, VA
How much do homes in 24521, VA cost?
Median Sold Price
$275,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,750(-0.6%)
Key Takeaway
Homes in 24521 have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in 24521 was $275,000 in October 2024, down 0.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $175.2K | +16.8% |
| 3 Bedrooms | $262K | $270K | +3.1% |
| 4 Bedrooms | $437.4K | $389.9K | -10.9% |
| 5+ Bedrooms | $542.5K | $660K | +21.7% |
Summary: 24521 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 increased by 16.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Zip Codes
| 24572 | $228.2K | $261.5K | +14.6% |
| 24521 | $276.7K | $275K | -0.6% |
Housing Supply in 24521, VA
How many homes are available in 24521, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Summary: The 24521 real estate market had 32 homes for sale in October 2024, a 3.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 24521 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 24521, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 24521 in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for 24521, VA
How long does it take to sell a home in 24521, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 69 Days | +56.8% |
Summary: Homes in 24521 had an average of 69 days on market in Oct 2024, up by 56.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 24521 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 24521; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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