Is 24556, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24556 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$515K
N/A
3 $394.6K$415K
+5.2%
4 $539.9K$526.9K
-2.4%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

24556
+3.3%
24523
+2.9%
24551
+0.8%

Housing Supply in 24556, VA

How many homes are available in 24556, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2027+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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 812
+50.0%
4 913
+44.4%
5+ 32
-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 2024Oct 2024CHANGE
36+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
16 Days45 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 24556, VA

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