24251 Home Values & Market Trends

There are 11 homes currently listed for 24251. 24251 real estate market trends show that home prices range from $69,000 to $475,000, and the median sales price in the 24251 zip code is $184,641. The total number of properties sold within the past twelve months is 106. In 24251, 2 properties are in foreclosure, 2 are bank owned properties,and 0 are headed for auction.

Housing Market Summary for 24251

Mar 2023February 2024Change
Median Listing Price$179.9K$156.3K-13.09%
Median Sold Price$148.2K$156.3K5.53%
Homes For Sale1211-8.33%
Homes Sold64674.69%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 24251

The median list price of a home in Gate City, is $184,641. A total of 11 properties are for sale, and the percentage of properties for sale in the zip code is 11.00%. The total count of 24251 properties is 3,743.

Foreclosure
There is 1 cities within 24251; within this cities, the median estimated home value for homes in foreclosure ranges from $154,900 in gate city to the lowest value of $154,900 in gate city. Foreclosure homes account for 0.00% of properties in 24251 with gate city containing 2 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 24251 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 24251; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 24251 ranges from the highest value of $154,900 in gate city to the lowest value of $154,900 in gate city. Bank owned homes and properties account for 0.05% of properties in 24251. There is 1 cities within 24251; gate city containing 2 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single city in the state of 24251. Auction homes and other auction properties account for 0% of all properties in 24251. There is 1 cities within 24251; of that cities, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.29% of residential properties in 24251 with gate city containing 11 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 24251; homes for sale in that cities, have a range of median values from $449,000 in gate city to the lowest value of $63,756 in gate city.
    Sold Homes
    The median value for recently sold homes ranges from $771,349 in gate city to the lowest price of $26,920 in gate city. There is 1 cities within 24251. gate city has 67 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.79% of properties in 24251.

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      Guide for 24251

      Market Reports
      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports
      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      gavel for real estate auction
      Home Buying Guides & Tips
      Virginia Foreclosure Laws
      Market Reports
      Wichita Real Estate Market Thrives: Property Values and Sale Prices Soar in 2023-2024
      See More Articles
      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports|posted 20 March 2024

      The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.

      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      Market Reports|posted 13 February 2024

      The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.

      gavel for real estate auction
      Virginia Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2015

      Virginia Foreclosure Laws

      Wichita Real Estate Market Thrives: Property Values and Sale Prices Soar in 2023-2024
      Market Reports|posted 22 March 2024

      A comparative analysis of nearby cities shows diverse market dynamics in the Wichita real estate market in the first three months of 2024.