Is 23608, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23608 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 23608 has remained a Seller's Market.

Key Takeaway

23608 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23608, VA

How much do homes in 23608, VA cost?

Median Sold Price

$324,900

$192/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$8,400(+2.7%)

Key Takeaway

Homes in 23608 have sold for 2.7% more than they did a month ago.

Summary: The median home sold price in 23608 was $324,900 in October 2024, up 2.7% from last month, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$214.9K
N/A
3 $278K$328K
+18.0%
4 $355K-
N/A
5+ --
N/A

Summary: 23608 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 increased by 18%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23602
+121.5%
23608
+2.7%
23692
-26.5%

Housing Supply in 23608, VA

How many homes are available in 23608, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
194216+11.3%

Summary: The 23608 real estate market had 216 homes for sale in October 2024, a 11.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2128
+33.3%
3 99101
+2.0%
4 5969
+16.9%
5+ 1316
+23.1%

Summary: The 23608 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 33.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 23.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4445+2.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23608, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.

Summary: A total of 45 homes were sold or pending in 23608 in October 2024, up by 2.3% month-over-month. Of the 5 sold homes, 0% were sold under asking, 80% were sold at asking, and 20% were sold over asking.

Days on Market for 23608, VA

How long does it take to sell a home in 23608, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
33 Days29 Days-14.3%

Summary: Homes in 23608 had an average of 29 days on market in Oct 2024, down by 14.3% compared to last month.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23608 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 45 homes were sold in 23608; 53% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 4% 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 23608, VA

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