$4,274 Closing Credit*
$359,900
1,456 SqFt
3 Beds
•2 Full Baths
Thomas R Nolen, Listing Office: Nolen Real Estate
Is 24538, 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, 24538 was a Seller's Market.
Key Takeaway
24538 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 24538, VA
How much do homes in 24538, VA cost?
Median Sold Price
$319,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,300(+18.7%)
Key Takeaway
Homes in 24538 have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in 24538 was $319,000 in November 2024, up 18.7% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $425K | -10.5% |
| 2 Bedrooms | $210K | $242K | +15.2% |
| 3 Bedrooms | $283.9K | $300K | +5.7% |
| 4 Bedrooms | $234.9K | $429.4K | +82.8% |
| 5+ Bedrooms | $537K | $350K | -34.8% |
Summary: 24538 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 82.8%, and 5+ bedroom homes decreased by 34.8%.
Housing Supply in 24538, VA
How many homes are available in 24538, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The 24538 real estate market had 18 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 24538 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 decreased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 24538, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 24538 in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 24538, VA
How long does it take to sell a home in 24538, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 36 Days | +11.0% |
Summary: Homes in 24538 had an average of 36 days on market in Nov 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 24538 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 24538; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
