$75,000
19.90 Acres
Land
Stephen J Acree, Listing Office: Keller Williams
Is 24538, 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, 24538 has remained a Seller's Market.
Key Takeaway
24538 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24538, VA
How much do homes in 24538, VA cost?
Median Sold Price
$308,900
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,000(+8.4%)
Key Takeaway
Homes in 24538 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 24538 was $308,900 in October 2024, up 8.4% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $425K | -10.5% |
| 2 Bedrooms | $210K | $242K | +15.2% |
| 3 Bedrooms | $289.4K | $294.6K | +1.8% |
| 4 Bedrooms | $234.9K | $389.5K | +65.8% |
| 5+ Bedrooms | $249K | $372.5K | +49.6% |
Summary: 24538 housing prices by bedroom type for October 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 1.8%, 4 bedroom homes increased by 65.8%, and 5+ bedroom homes increased by 49.6%.
Housing Supply in 24538, VA
How many homes are available in 24538, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The 24538 real estate market had 18 homes for sale in October 2024, a 5.3% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 24538 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 decreased by 100%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24538, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 24538 in October 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 72 Days | +247.6% |
Summary: Homes in 24538 had an average of 72 days on market in Oct 2024, up by 247.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 24538 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in 24538; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
