24714Falls Mills, VA Housing Market
$404,900median sale price
The 24714 zip code, located in Falls Mills, VA, is currently classified as a balanced market. The median sale price stands at $404,900. Homes in this area spend an average of 68 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 24714 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
68
Average pace
Active listings
—
Sale-to-list
101.3%
Above asking
Market trends
Market analysis for 24714
The 24714 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 101.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 24714 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
275
Median income
$69,083/yr
Median age
58.5 years
Owner-occupied
100.0%
College grads
52.0%
Living in 24714
Zip code 24714 is home to approximately 275 residents. The median household income is $69,083 per year, which shapes the types of homes and amenities available in the area. With a median age of 58.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 100.0% 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 52.0% 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 24714.
Frequently asked questions about 24714
What is the median home price in 24714?
The current median sale price in 24714 is $404,900, 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 24714 a buyer's or seller's market?
The 24714 zip code is currently classified as a balanced market. 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 24714?
Zip code 24714 has a population of approximately 275 residents. The median household income is $69,083 per year. About 100.0% 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 24714?
Properties Incorporated provides comprehensive data for 24714 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 24714 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.
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