Is 23607, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23607 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 23607 was a Seller's Market.

Key Takeaway

23607 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23607, VA

How much do homes in 23607, VA cost?

Median Sold Price

$200,000

$130/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$390,000(-66.1%)

Key Takeaway

Homes in 23607 have sold for 66.1% less than they did a month ago.

Summary: The median home sold price in 23607 was $200,000 in October 2024, down 66.1% from last month, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$115K
N/A
4 -$285K
N/A
5+ $590K-
N/A

Summary: 23607 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23605
-13.0%
23607
-66.1%

Housing Supply in 23607, VA

How many homes are available in 23607, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
189206+9.0%

Summary: The 23607 real estate market had 206 homes for sale in October 2024, a 9.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 2022
+10.0%
3 9699
+3.1%
4 5566
+20.0%
5+ 1516
+6.7%

Summary: The 23607 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 increased by 10%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3222-31.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23607, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 23607 in October 2024, down by 31.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 23607, VA

How long does it take to sell a home in 23607, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
61 Days62 Days+1.4%

Summary: Homes in 23607 had an average of 62 days on market in Oct 2024, up by 1.4% compared to last month.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23607 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 22 homes were sold in 23607; 50% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 23% 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 23607, VA

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