Is 23605, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23605 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 23605 was a Seller's Market.

Key Takeaway

23605 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23605, VA

How much do homes in 23605, VA cost?

Median Sold Price

$200,000

$181/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$30,000(-13.0%)

Key Takeaway

Homes in 23605 have sold for 13% less than they did a month ago.

Summary: The median home sold price in 23605 was $200,000 in October 2024, down 13% from last month, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$160K
N/A
3 $230K$200K
-13.0%
4 --
N/A
5+ --
N/A

Summary: 23605 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 did not change, 3 bedroom homes decreased by 13%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23666
+474.0%
23605
-13.0%
23607
-66.1%

Housing Supply in 23605, VA

How many homes are available in 23605, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6175+23.0%

Summary: The 23605 real estate market had 75 homes for sale in October 2024, a 23.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 88
0.0%
3 4456
+27.3%
4 89
+12.5%
5+ 12
+100.0%

Summary: The 23605 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 increased by 27.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

1 Home Was 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 23605, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 23605 in October 2024, down by 18.2% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 23605, VA

How long does it take to sell a home in 23605, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
33 Days33 Days-0.6%

Summary: Homes in 23605 had an average of 33 days on market in Oct 2024, down by 0.6% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23605 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 23605; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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 23605, VA

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