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 4 Days Ago

Newest Listings in 24569, VA

Nearby Markets to 24569, VA