24738 ZIP Code Housing Market
$237,000median sale price
Quick answer: The median home sale price in ZIP code 24738 is $237,000. Homes sell in an average of 138 days. The market is currently a leaning buyer's.
24738 market data
| Metric | Value |
|---|---|
| Median sale price | $237,000 |
| Average days on market | 138 days |
| Sale-to-list price ratio | 96.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The 24738 zip code, located in Laymantown, VA, is currently classified as a leaning buyer's. The median sale price stands at $237,000. Homes in this area spend an average of 138 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 24738 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
138
Average pace
Active listings
—
Sale-to-list
96.7%
Below asking
Market analysis for 24738
The 24738 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 96.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 24738 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
0
Living in 24738
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 24738.
Frequently asked questions about 24738
What is the median home price in 24738?
The current median sale price in 24738 is $237,000, 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 24738 a buyer's or seller's market?
The 24738 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.
How do I research neighborhoods in 24738?
Properties Incorporated provides comprehensive data for 24738 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 24738 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.
Get zip code 24738 market alerts
Weekly updates on prices, inventory, and trends. Free forever.