Is 23602, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23602 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 23602 was a Seller's Market.

Key Takeaway

23602 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 23602, VA

How much do homes in 23602, VA cost?

Median Sold Price

$337,500

$196/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$27,550(+8.9%)

Key Takeaway

Homes in 23602 have sold for 8.9% more than they did a month ago.

Summary: The median home sold price in 23602 was $337,500 in November 2024, up 8.9% from last month, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $210K-
N/A
3 $320K$337.5K
+5.5%
4 --
N/A
5+ --
N/A

Summary: 23602 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 increased by 5.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23693
+118.0%
23606
+28.1%
23602
+8.9%

Housing Supply in 23602, VA

How many homes are available in 23602, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
184190+3.3%

Summary: The 23602 real estate market had 190 homes for sale in November 2024, a 3.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 3332
-3.0%
3 9695
-1.0%
4 4248
+14.3%
5+ 1112
+9.1%

Summary: The 23602 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4230-28.6%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23602, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in 23602 in November 2024, down by 28.6% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 23602, VA

How long does it take to sell a home in 23602, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
38 Days28 Days-25.1%

Summary: Homes in 23602 had an average of 28 days on market in Nov 2024, down by 25.1% compared to last month.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23602 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 30 homes were sold in 23602; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in 23602, VA

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