$891 Closing Credit*
$75,000
1,918 SqFt
3 Beds
•2 Full Baths
Blakely Smith, Listing Office: Hometown Realty
Is 23002, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 23002 was a Buyer's Market.
Key Takeaway
23002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23002, VA
How much do homes in 23002, VA cost?
Median Sold Price
$339,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,000(+11.1%)
Key Takeaway
Homes in 23002 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 23002 was $339,000 in November 2024, up 11.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $249K | $191.5K | -23.1% |
| 3 Bedrooms | $273K | $336K | +23.1% |
| 4 Bedrooms | $477.5K | $513.7K | +7.6% |
| 5+ Bedrooms | $488K | $457.4K | -6.3% |
Summary: 23002 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in 23002, VA
How many homes are available in 23002, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 50 | +16.3% |
Summary: The 23002 real estate market had 50 homes for sale in November 2024, a 16.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 27 | 29 | +7.4% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 23002 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23002, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 23002 in November 2024, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for 23002, VA
How long does it take to sell a home in 23002, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 36 Days | +112.3% |
Summary: Homes in 23002 had an average of 36 days on market in Nov 2024, up by 112.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23002 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 23002; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. 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. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved