Is 23464, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23464 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 23464 has remained a Seller's Market.

Key Takeaway

23464 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23464, VA

How much do homes in 23464, VA cost?

Median Sold Price

$560,000

$220/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$240,000(+75.0%)

Key Takeaway

Homes in 23464 have sold for 75% more than they did a month ago.

Summary: The median home sold price in 23464 was $560,000 in November 2024, up 75% from last month, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $320K-
N/A
4 --
N/A
5+ -$560K
N/A

Summary: 23464 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 23464, VA

How many homes are available in 23464, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
237233-1.7%

Summary: The 23464 real estate market had 233 homes for sale in November 2024, a 1.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2522
-12.0%
3 95101
+6.3%
4 9488
-6.4%
5+ 2322
-4.3%

Summary: The 23464 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 decreased by 12%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6955-20.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23464, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 55 homes were sold or pending in 23464 in November 2024, down by 20.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 23464, VA

How long does it take to sell a home in 23464, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
26 Days21 Days-19.2%

Summary: Homes in 23464 had an average of 21 days on market in Nov 2024, down by 19.2% compared to last month.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23464 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 55 homes were sold in 23464; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 23464, VA

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