24147Rich Creek, VA Housing Market
$260,000median sale price
The 24147 zip code, located in Rich Creek, VA, is currently classified as a leaning buyer's. The median sale price stands at $260,000. Homes in this area spend an average of 114 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 24147 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
114
Average pace
Active listings
—
Sale-to-list
96.7%
Below asking
Market trends
Market analysis for 24147
The 24147 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 24147 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 24147 stands at $160,846, 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
1,350
Median income
$37,974/yr
Median age
49.8 years
Owner-occupied
62.0%
College grads
18.5%
Avg commute
28.5 min
Living in 24147
Zip code 24147 is home to approximately 1,350 residents. The median household income is $37,974 per year, which shapes the types of homes and amenities available in the area. With a median age of 49.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 62.0% 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 18.5% 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. The average commute time is 28.5 minutes, which is close to the national average. 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 24147.
Frequently asked questions about 24147
What is the median home price in 24147?
The current median sale price in 24147 is $260,000, 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 24147 a buyer's or seller's market?
The 24147 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 24147?
Zip code 24147 has a population of approximately 1,350 residents. The median household income is $37,974 per year. About 62.0% 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 24147?
Properties Incorporated provides comprehensive data for 24147 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 24147 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. Visit our data sources page to learn more about our data methodology and update schedules.
Get zip code 24147 market alerts
Weekly updates on prices, inventory, and trends. Free forever.