Is 24593, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 24593 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 24593 was a Neutral Market.

Key Takeaway

24593 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 24593, VA

How much do homes in 24593, VA cost?

Median Sold Price

$359,900

$229/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$49,900(+16.1%)

Key Takeaway

Homes in 24593 have sold for 16.1% more than they did a month ago.

Summary: The median home sold price in 24593 was $359,900 in November 2024, up 16.1% from last month, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $310K$359.9K
+16.1%
4 --
N/A
5+ --
N/A

Summary: 24593 housing prices by bedroom type for November 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 increased by 16.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 24593, VA

How many homes are available in 24593, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
770.0%

Summary: The 24593 real estate market had 7 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 24593 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 24593, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 24593 in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for 24593, VA

How long does it take to sell a home in 24593, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
184 Days55 Days-70.1%

Summary: Homes in 24593 had an average of 55 days on market in Nov 2024, down by 70.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 24593 has remained consistent over time.

Summary: During November 2024, 4 homes were sold in 24593; 0% of homes were sold within 30 days, 100% 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 24593, VA

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