24175 Housing Market Report May 2025•Botetourt County, Virginia

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Housing Prices in 24175, VA

How much do homes in 24175, VA cost?

Housing Market Conditions

Is 24175, VA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

24175 is a Neutral Market

Difference Since May 2024

At the same time last year, 24175 was a Seller's Market.

Insight

24175 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$401,500$187/SqFt
+$32,000
+8.7%

Based on all homes sold in the last 12 months

Insight

Homes in 24175 have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in 24175 was $401,500 in May 2025, up 8.7% from last year, and the median price per square foot was $187.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
24012
+13.5%
24175
+8.7%
24019
+0.6%
24083
-7.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1-$112.6K
N/A
2$212.8K$247K
+16.1%
3$279K$350K
+25.4%
4$590K$577.4K
-2.1%
5$592.4K$657.7K
+11.0%

Summary: 24175 housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +16.1%. The home price for 3 bedroom homes increased by +25.4%. The home price for 4 bedroom homes decreased by -2.1%. The home price for 5 bedroom homes increased by +11.0%.

How does 24175, VA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

24175, VA

Housing supply in 24175, VA

How many homes are available in 24175, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
42Last MonthMay 2025
342 months agoApr 2025
+23.5 %
Change MoMApr – May

Summary: The 24175 real estate market had 42 homes for sale in May 2025, a 23.5 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthMay 2025
92 months agoApr 2025
-22.2 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
231
-66.7%
31320
+53.8%
41516
+6.7%
535
+66.7%

Summary: 24175 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -66.7%. The inventory for 3 bedroom homes increased by +53.8%. The inventory for 4 bedroom homes increased by +6.7%. The inventory for 5 bedroom homes increased by +66.7%.

Asking Price vs. Sold Price

How much do homes in 24175, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price4 Homes

Under Asking Price1 Home

Insight

If you're buying a home in 24175, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 24175 in May 2025, down by 22.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 57% were sold at asking, and and 29% were sold over asking.

Days on Market for 24175, VA

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in 24175, VA

What homes are available in 24175, VA?

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MLS Disclaimers and Copyright

Based on information from Roanoke Valley Association of Realtors MLS, and Lynchburg MLS for the period 06/01/2023 - 06/01/2025

IDXAlthough the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.

All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The unauthorized retrieval or use of this listing data is prohibited.

All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 9:20:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Lynchburg Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 9:20:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.