24060 — Montgomery County, Virginia Market Snapshot
Housing market data for zip code 24060 in Montgomery County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
19 sales in 2026 (year to date)
Median Sale Price
$352,000
Days to Sell
60
Homes Sold
19
Inventory
22
Sale-to-List
97.2%
New Listings
27
Price/SqFt
$233
Pending Sales
24
Conforming Loan Available
Most homebuyers in 24060 can comfortably use conventional financing. The median home price of $352,000 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 60 days on average, 24060 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 24060 sells for 2.8% below asking price (97.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 24060 can comfortably use conventional financing. The median home price of $352,000 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 24060 are set at the county level.
2026 Loan Limits — Montgomery 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 24060
To purchase the median home at $352,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,847.
Monthly Payment
$2,847
Income Required
$122,010
Principal & Interest
$2,169/mo
Down Payment (5%)
$17,600
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 24060.
Estimated Monthly Payment
$2,328
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