24270 ZIP Code Housing Market
$220,000median sale price
Quick answer: The median home sale price in ZIP code 24270 is $220,000. Homes sell in an average of 171 days with 2 active listings. The market is currently a buyer's market.
24270 market data
| Metric | Value |
|---|---|
| Median sale price | $220,000 |
| Median list price | $79,450 |
| Average days on market | 171 days |
| Active inventory | 2 listings |
| Sale-to-list price ratio | 84.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The 24270 zip code, located in Laymantown, VA, is currently classified as a buyer's market. The median sale price stands at $220,000. Homes in this area spend an average of 171 days on the market before going under contract. There are currently 2 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 24270 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
1
Last 12 weeks
Days on market
171
Average pace
Active listings
2
Sale-to-list
84.9%
Below asking
Market trends
Market analysis for 24270
The 24270 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 84.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 24270 have remained relatively stable compared to last year. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 24270 stands at $186,636, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
416
Median income
$45,417/yr
Median age
53.7 years
Owner-occupied
9359.0%
Living in 24270
Zip code 24270 is home to approximately 416 residents. The median household income is $45,417 per year, which shapes the types of homes and amenities available in the area. With a median age of 53.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 9359.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 24270.
Frequently asked questions about 24270
What is the median home price in 24270?
The current median sale price in 24270 is $220,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 24270 a buyer's or seller's market?
The 24270 zip code is currently classified as a buyer's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 24270?
Zip code 24270 has a population of approximately 416 residents. The median household income is $45,417 per year. About 9359.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 24270?
Properties Incorporated provides comprehensive data for 24270 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 24270 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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