$830 Closing Credit*
$69,900
2 Beds
•1 Full Bath
Norman S Domingo, Listing Office: XRealty.net LLC
Is 24522, 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, 24522 was a Buyer's Market.
Key Takeaway
24522 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 24522, VA
How much do homes in 24522, VA cost?
Median Sold Price
$290,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,100(+7.4%)
Key Takeaway
Homes in 24522 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 24522 was $290,000 in November 2024, up 7.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $203.7K | $147.8K | -27.4% |
| 3 Bedrooms | $269.9K | $289.9K | +7.4% |
| 4 Bedrooms | $298.5K | $335K | +12.2% |
| 5+ Bedrooms | $610K | $490K | -19.7% |
Summary: 24522 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 27.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 19.7%.
Median Sold Price Compared To Nearby Zip Codes
| 24538 | $268.7K | $319K | +18.7% |
| 24522 | $269.9K | $290K | +7.4% |
| 23958 | $179.9K | $185K | +2.8% |
Housing Supply in 24522, VA
How many homes are available in 24522, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 63 | +26.0% |
Summary: The 24522 real estate market had 63 homes for sale in November 2024, a 26.0% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 43 | 53 | +23.3% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 24522 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 increased by 100%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24522, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 24522 in November 2024, down by 30.8% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for 24522, VA
How long does it take to sell a home in 24522, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 77 Days | 23 Days | -69.7% |
Summary: Homes in 24522 had an average of 23 days on market in Nov 2024, down by 69.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 24522 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in 24522; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved