Is 23606, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23606 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 23606 has remained a Seller's Market.

Key Takeaway

23606 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23606, VA

How much do homes in 23606, VA cost?

Median Sold Price

$421,329

$203/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$92,329(+28.1%)

Key Takeaway

Homes in 23606 have sold for 28.1% more than they did a month ago.

Summary: The median home sold price in 23606 was $421,329 in November 2024, up 28.1% from last month, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $290K$325K
+12.1%
4 $368K$444.4K
+20.8%
5+ --
N/A

Summary: 23606 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 12.1%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23606
+28.1%
23602
+8.9%

Housing Supply in 23606, VA

How many homes are available in 23606, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
102103+1.0%

Summary: The 23606 real estate market had 103 homes for sale in November 2024, a 1.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 56
+20.0%
3 4841
-14.6%
4 3839
+2.6%
5+ 1015
+50.0%

Summary: The 23606 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2428+16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23606, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 23606 in November 2024, up by 16.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 23606, VA

How long does it take to sell a home in 23606, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
30 Days25 Days-16.4%

Summary: Homes in 23606 had an average of 25 days on market in Nov 2024, down by 16.4% compared to last month.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23606 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 28 homes were sold in 23606; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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 23606, VA

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