$2,968 Closing Credit*
$249,900
2,052 SqFt
4 Beds
•3 Full Baths
Chase Hankins, Listing Office: Realty ONE Group Leading Edge
Is 24557, 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, 24557 has remained a Seller's Market.
Key Takeaway
24557 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24557, VA
How much do homes in 24557, VA cost?
Median Sold Price
$220,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,000(+12.2%)
Key Takeaway
Homes in 24557 have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in 24557 was $220,000 in October 2024, up 12.2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $178K | $166.5K | -6.5% |
| 3 Bedrooms | $167K | $220K | +31.7% |
| 4 Bedrooms | $411K | $430.6K | +4.8% |
| 5+ Bedrooms | $469.9K | $420K | -10.6% |
Summary: 24557 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 decreased by 6.5%, 3 bedroom homes increased by 31.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Zip Codes
| 24563 | $175K | $200K | +14.3% |
| 24557 | $196K | $220K | +12.2% |
Housing Supply in 24557, VA
How many homes are available in 24557, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The 24557 real estate market had 13 homes for sale in October 2024, a 13.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 24557 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 50%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 24557, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 24557 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 24557, VA
How long does it take to sell a home in 24557, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 40 Days | +116.2% |
Summary: Homes in 24557 had an average of 40 days on market in Oct 2024, up by 116.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 24557 has remained consistent over time.
Summary: During October 2024, 3 homes were sold in 24557; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.