$379,900
1,992 SqFt
3 Beds
•2 Full Baths, 1 Partial
TREVOR GILLISPIE, Listing Office: ELITE REALTY
October 2024
Report Updated 20 Days Ago
Is 24588, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 24588 was a Seller's Market.
How much do homes in 24588, VA cost?
$320,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in 24588 was $320,000 in October 2024, up 15.1% from last year, and the median price per square foot was $182.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $154.5K | $182K | +17.8% |
3 Bedrooms | $274K | $305K | +11.3% |
4 Bedrooms | $305.5K | $410K | +34.2% |
5+ Bedrooms | $567.5K | $685K | +20.7% |
Summary: 24588 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 increased by 17.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes increased by 20.7%.
How many homes are available in 24588, VA?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
36 | 38 | +5.6% |
Summary: The 24588 real estate market had 38 homes for sale in October 2024, a 5.6% increase compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 25 | 27 | +8.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 24588 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 8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 50%.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 24588 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
How long does it take to sell a home in 24588, VA?
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
59 Days | 61 Days | +3.2% |
Summary: Homes in 24588 had an average of 61 days on market in Oct 2024, up by 3.2% compared to last year.
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During October 2024, 5 homes were sold in 24588; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 20 Days Ago
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See More ListingsMLS Disclaimers and Copyright
Based on information from Lynchburg MLS, and BrightMLS for the period 11/01/2022 - 11/01/2024
Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Lynchburg Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 4:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 4:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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