24531 — Pittsylvania County, Virginia Market Snapshot
Housing market data for zip code 24531 in Pittsylvania County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
17 sales in 2026 (year to date)
Median Sale Price
$239,900
Days to Sell
105
Homes Sold
17
Inventory
19
Sale-to-List
96.3%
New Listings
17
Price/SqFt
$104
Pending Sales
18
Conforming Loan Available
Most homebuyers in 24531 can comfortably use conventional financing. The median home price of $239,900 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 105 days on average, 24531 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 24531 sells for 3.7% below asking price (96.3% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 24531 can comfortably use conventional financing. The median home price of $239,900 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 24531 are set at the county level.
2026 Loan Limits — Pittsylvania County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 24531
To purchase the median home at $239,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,988.
Monthly Payment
$1,988
Income Required
$85,202
Principal & Interest
$1,478/mo
Down Payment (5%)
$11,995
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 24531.
Estimated Monthly Payment
$1,635
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