$4,749 Closing Credit*
$399,900
1,568 SqFt
3 Beds
•2 Full Baths
Mary Lou McDonald, Listing Office: ML Realty Brokered by Magnolia Mountain Realty
Is 24554, 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, 24554 was a Neutral Market.
Key Takeaway
24554 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24554, VA
How much do homes in 24554, VA cost?
Median Sold Price
$232,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$42,900(-15.6%)
Key Takeaway
Homes in 24554 have sold for 15.6% less than they did a year ago.
Summary: The median home sold price in 24554 was $232,000 in October 2024, down 15.6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280.3K | $77.2K | -72.4% |
| 2 Bedrooms | $195K | $280.7K | +44.0% |
| 3 Bedrooms | $274.9K | $203K | -26.2% |
| 4 Bedrooms | $292.4K | $265.9K | -9.1% |
| 5+ Bedrooms | $155K | $369K | +138.1% |
Summary: 24554 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.4%, 2 bedroom homes increased by 44%, 3 bedroom homes decreased by 26.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 138.1%.
Housing Supply in 24554, VA
How many homes are available in 24554, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The 24554 real estate market had 12 homes for sale in October 2024, a 9.1% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 24554 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 remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 24554, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 24554 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 24554, VA
How long does it take to sell a home in 24554, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 54 Days | -13.0% |
Summary: Homes in 24554 had an average of 54 days on market in Oct 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 24554 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 24554; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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.