24377 ZIP Code Housing Market
$607,500median sale price
Quick answer: The median home sale price in ZIP code 24377 is $607,500. Homes sell in an average of 141 days with 1 active listings. The market is currently a leaning buyer's.
24377 market data
| Metric | Value |
|---|---|
| Median sale price | $607,500 |
| Median list price | $119,999 |
| Average days on market | 141 days |
| Active inventory | 1 listings |
| Sale-to-list price ratio | 97.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The 24377 zip code, located in Laymantown, VA, is currently classified as a leaning buyer's. The median sale price stands at $607,500. Homes in this area spend an average of 141 days on the market before going under contract. There are currently 1 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 24377 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
141
Average pace
Active listings
1
Sale-to-list
97.2%
Below asking
Market trends
Market analysis for 24377
The 24377 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 97.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 24377 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.
Community profile
Population
569
Median income
$57,115/yr
Median age
26.7 years
Owner-occupied
7025.0%
College grads
1218.0%
Living in 24377
Zip code 24377 is home to approximately 569 residents. The median household income is $57,115 per year, which shapes the types of homes and amenities available in the area. With a median age of 26.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 7025.0% 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.
About 1218.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. 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 24377.
Frequently asked questions about 24377
What is the median home price in 24377?
The current median sale price in 24377 is $607,500, 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 24377 a buyer's or seller's market?
The 24377 zip code is currently classified as a leaning buyer's. 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 24377?
Zip code 24377 has a population of approximately 569 residents. The median household income is $57,115 per year. About 7025.0% 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 24377?
Properties Incorporated provides comprehensive data for 24377 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 24377 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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