$4,511 Closing Credit*
$379,900
4,176 SqFt
2 Beds
•2 Full Baths
Randy Higgins, Listing Office: Cornerstone Realty Group Inc
Is 24588, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 24588 was a Buyer's Market.
Key Takeaway
24588 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 24588, VA
How much do homes in 24588, VA cost?
Median Sold Price
$321,500
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,500(+16.9%)
Key Takeaway
Homes in 24588 have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in 24588 was $321,500 in November 2024, up 16.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $172K | $169K | -1.7% |
| 3 Bedrooms | $274K | $305K | +11.3% |
| 4 Bedrooms | $310.4K | $394.6K | +27.1% |
| 5+ Bedrooms | $567.5K | $685K | +20.7% |
Summary: 24588 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes increased by 20.7%.
Housing Supply in 24588, VA
How many homes are available in 24588, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 42 | +13.5% |
Summary: The 24588 real estate market had 42 homes for sale in November 2024, a 13.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 24588 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 24588, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 24588 in November 2024, up by 150.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for 24588, VA
How long does it take to sell a home in 24588, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 70 Days | +1135.3% |
Summary: Homes in 24588 had an average of 70 days on market in Nov 2024, up by 1135.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 24588 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 24588; 50% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
