Is 24569, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24569 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 24569 has remained a Seller's Market.

Key Takeaway

24569 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24569, VA

How much do homes in 24569, VA cost?

Median Sold Price

$359,900

$146/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$65,000(+22.0%)

Key Takeaway

Homes in 24569 have sold for 22% more than they did a month ago.

Summary: The median home sold price in 24569 was $359,900 in October 2024, up 22% from last month, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $294.9K-
N/A
4 -$359.9K
N/A
5+ --
N/A

Summary: 24569 housing prices by bedroom type for October 2024 compared to the previous month: 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 did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

24569
+22.0%
24577
-65.6%

Housing Supply in 24569, VA

How many homes are available in 24569, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
53-40.0%

Summary: The 24569 real estate market had 3 homes for sale in October 2024, a 40.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 31
-66.7%
4 22
0.0%
5+ 00
0.0%

Summary: The 24569 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 decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24569, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 24569 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 24569, VA

How long does it take to sell a home in 24569, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
12 Days16 Days+37.5%

Summary: Homes in 24569 had an average of 16 days on market in Oct 2024, up by 37.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 24569 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 24569; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in 24569, VA

Nearby Markets to 24569, VA