$6,947 Closing Credit*
$585,000
3,459 SqFt
3 Beds
•2 Full Baths
Rick Cox, Listing Office: The Rick Cox Realty Group
Is 23040, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 23040 has remained a Seller's Market.
Key Takeaway
23040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23040, VA
How much do homes in 23040, VA cost?
Median Sold Price
$299,950
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,950(+3.4%)
Key Takeaway
Homes in 23040 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 23040 was $299,950 in October 2024, up 3.4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $58.2K | $189K | +224.5% |
| 3 Bedrooms | $290K | $299.9K | +3.4% |
| 4 Bedrooms | $360K | $405K | +12.5% |
| 5+ Bedrooms | $467K | $472.5K | +1.2% |
Summary: 23040 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 224.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in 23040, VA
How many homes are available in 23040, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 21 | -30.0% |
Summary: The 23040 real estate market had 21 homes for sale in October 2024, a 30.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 25 | 15 | -40.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 23040 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 23040, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 23040 in October 2024, down by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for 23040, VA
How long does it take to sell a home in 23040, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 37 Days | -8.4% |
Summary: Homes in 23040 had an average of 37 days on market in Oct 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23040 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 23040; 50% of homes were sold within 30 days, 50% 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
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.