$3,004 Closing Credit*
$253,000
1,500 SqFt
3 Beds
•2 Full Baths, 1 Partial
#10559540, Ivy Obasi, Listing Office: Allison James Estates & Homes
Is 23602, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 23602 has remained a Seller's Market.
Key Takeaway
23602 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23602, VA
How much do homes in 23602, VA cost?
Median Sold Price
$320,000
$191/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$175,500(+121.5%)
Key Takeaway
Homes in 23602 have sold for 121.5% more than they did a month ago.
Summary: The median home sold price in 23602 was $320,000 in October 2024, up 121.5% from last month, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $144.5K | $210K | +45.3% |
| 3 Bedrooms | - | $402.5K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 23602 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 23602, VA
How many homes are available in 23602, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 179 | 194 | +8.4% |
Summary: The 23602 real estate market had 194 homes for sale in October 2024, a 8.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 36 | 36 | 0.0% |
| 3 Bedrooms | 87 | 100 | +14.9% |
| 4 Bedrooms | 42 | 43 | +2.4% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The 23602 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23602, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 23602 in October 2024, down by 5.3% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 36 Days | +54.6% |
Summary: Homes in 23602 had an average of 36 days on market in Oct 2024, up by 54.6% compared to last month.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23602 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in 23602; 53% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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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
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