Is 23662, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23662 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 23662 was a Seller's Market.

Key Takeaway

23662 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 23662, VA

How much do homes in 23662, VA cost?

Median Sold Price

$750,000

$279/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$125,000(+20.0%)

Key Takeaway

Homes in 23662 have sold for 20% more than they did a month ago.

Summary: The median home sold price in 23662 was $750,000 in November 2024, up 20% from last month, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 --
N/A
5+ $625K$750K
+20.0%

Summary: 23662 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 20%.

Median Sold Price Compared To Nearby Zip Codes

23693
+118.0%
23692
+59.1%
23662
+20.0%

Housing Supply in 23662, VA

How many homes are available in 23662, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11297-13.4%

Summary: The 23662 real estate market had 97 homes for sale in November 2024, a 13.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 3227
-15.6%
4 4544
-2.2%
5+ 3022
-26.7%

Summary: The 23662 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 25%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 26.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2416-33.3%

Asking Price vs. Sold Price

1 Home Was 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 23662, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 23662 in November 2024, down by 33.3% 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 23662, VA

How long does it take to sell a home in 23662, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
44 Days23 Days-47.7%

Summary: Homes in 23662 had an average of 23 days on market in Nov 2024, down by 47.7% compared to last month.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23662 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 16 homes were sold in 23662; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 23662, VA

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