$8,075 Closing Credit*
$680,000
4,622 SqFt
5 Beds
•4 Full Baths, 1 Partial
KARL MILLER, Listing Office: KARL MILLER REALTY LLC
Is 24556, 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, 24556 was a Buyer's Market.
Key Takeaway
24556 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24556, VA
How much do homes in 24556, VA cost?
Median Sold Price
$499,900
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,700(+7.7%)
Key Takeaway
Homes in 24556 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 24556 was $499,900 in November 2024, up 7.7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $515K | N/A |
| 3 Bedrooms | $414.9K | $415K | 0.0% |
| 4 Bedrooms | $532.5K | $529.9K | -0.5% |
| 5+ Bedrooms | $535K | $669.9K | +25.2% |
Summary: 24556 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 25.2%.
Housing Supply in 24556, VA
How many homes are available in 24556, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Summary: The 24556 real estate market had 27 homes for sale in November 2024, a 3.6% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 24556 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 remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 24556, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 24556 in November 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for 24556, VA
How long does it take to sell a home in 24556, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 83 Days | +1575.0% |
Summary: Homes in 24556 had an average of 83 days on market in Nov 2024, up by 1575% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 24556 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in 24556; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% 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.