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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23605 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 23605 was a Buyer's Market.

Key Takeaway

23605 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 23605, VA

How much do homes in 23605, VA cost?

Median Sold Price

$270,500

$228/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$70,500(+35.3%)

Key Takeaway

Homes in 23605 have sold for 35.3% more than they did a month ago.

Summary: The median home sold price in 23605 was $270,500 in November 2024, up 35.3% from last month, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $160K-
N/A
3 $200K$270.5K
+35.3%
4 --
N/A
5+ --
N/A

Summary: 23605 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 35.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23607
+121.0%
23605
+35.3%
23666
-75.8%

Housing Supply in 23605, VA

How many homes are available in 23605, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
73730.0%

Summary: The 23605 real estate market had 73 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 74
-42.9%
3 5558
+5.5%
4 910
+11.1%
5+ 21
-50.0%

Summary: The 23605 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 42.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23605, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in 23605 in November 2024, up by 20.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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

Oct 2024Nov 2024CHANGE
38 Days26 Days-31.1%

Summary: Homes in 23605 had an average of 26 days on market in Nov 2024, down by 31.1% compared to last month.

Breakdown of Home Sale Times

8 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 November 2024, 12 homes were sold in 23605; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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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