$500,000
30.00 Acres
Land
Christine Clayton, Listing Office: Divine Fog Realty Company LLC
Is 24556, 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, 24556 has remained a Seller'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
$469,950
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+3.3%)
Key Takeaway
Homes in 24556 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 24556 was $469,950 in October 2024, up 3.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $515K | N/A |
| 3 Bedrooms | $394.6K | $415K | +5.2% |
| 4 Bedrooms | $539.9K | $526.9K | -2.4% |
| 5+ Bedrooms | $535K | $669.9K | +25.2% |
Summary: 24556 housing prices by bedroom type for October 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 increased by 5.2%, 4 bedroom homes decreased by 2.4%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Summary: The 24556 real estate market had 27 homes for sale in October 2024, a 35.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 24556 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 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, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 24556 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 45 Days | +181.3% |
Summary: Homes in 24556 had an average of 45 days on market in Oct 2024, up by 181.3% 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 24556 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 24556; 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.