Is 24521, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24521 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $150K$175.2K
+16.8%
3 $262K$270K
+3.1%
4 $437.4K$389.9K
-10.9%
5+ $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
+14.6%
24521
-0.6%

Housing Supply in 24521, VA

How many homes are available in 24521, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3332-3.0%

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

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 43
-25.0%
3 1719
+11.8%
4 106
-40.0%
5+ 22
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 2024Oct 2024CHANGE
79+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
44 Days69 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in 24521, VA

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