$2,731 Closing Credit*
$230,000
1,100 SqFt
2 Beds
•2 Full Baths
#10563149, Kerry Ferdinand, Listing Office: Black Lion Realty LLC
Is 23607, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 23607 was a Neutral 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
$400,000
$163/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$219,000(+121.0%)
Key Takeaway
Homes in 23607 have sold for 121% more than they did a month ago.
Summary: The median home sold price in 23607 was $400,000 in November 2024, up 121% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $181K | - | N/A |
| 3 Bedrooms | $115K | $400K | +247.8% |
| 4 Bedrooms | $285K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 23607 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 247.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 23607, VA
How many homes are available in 23607, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 190 | 207 | +8.9% |
Summary: The 23607 real estate market had 207 homes for sale in November 2024, a 8.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 23 | +4.5% |
| 3 Bedrooms | 89 | 99 | +11.2% |
| 4 Bedrooms | 62 | 66 | +6.5% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The 23607 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 increased by 4.5%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 19 | -32.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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 19 homes were sold or pending in 23607 in November 2024, down by 32.1% month-over-month. Of the 1 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 67 Days | +7.5% |
Summary: Homes in 23607 had an average of 67 days on market in Nov 2024, up by 7.5% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 23607 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 19 homes were sold in 23607; 32% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
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