$219,000
40.87 Acres
Land
Listing Office: RE/MAX ALL STARS
Is 24523, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 24523 was a Seller's Market.
Key Takeaway
24523 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 24523, VA
How much do homes in 24523, VA cost?
Median Sold Price
$267,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,600(+2.9%)
Key Takeaway
Homes in 24523 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 24523 was $267,500 in October 2024, up 2.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259.9K | $188K | -27.7% |
| 2 Bedrooms | $205.5K | $215K | +4.6% |
| 3 Bedrooms | $250K | $260K | +4.0% |
| 4 Bedrooms | $375K | $330K | -12.0% |
| 5+ Bedrooms | $436K | $532K | +22.0% |
Summary: 24523 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.7%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Zip Codes
| 24556 | $454.9K | $469.9K | +3.3% |
| 24523 | $259.9K | $267.5K | +2.9% |
Housing Supply in 24523, VA
How many homes are available in 24523, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 110 | +3.8% |
Summary: The 24523 real estate market had 110 homes for sale in October 2024, a 3.8% 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 | 18 | 19 | +5.6% |
| 3 Bedrooms | 59 | 61 | +3.4% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 24523 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 increased by 5.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 24523, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 24523 in October 2024, down by 25.0% month-over-month. Of the 18 sold homes, 67% were sold under asking, 28% were sold at asking, and 6% were sold over asking.
Days on Market for 24523, VA
How long does it take to sell a home in 24523, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 36 Days | -25.7% |
Summary: Homes in 24523 had an average of 36 days on market in Oct 2024, down by 25.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 24523 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in 24523; 39% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.