Is 23666, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23666 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 23666 has remained a Seller's Market.

Key Takeaway

23666 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23666, VA

How much do homes in 23666, VA cost?

Median Sold Price

$1,779,250

$936/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$1,469,250(+474.0%)

Key Takeaway

Homes in 23666 have sold for 474% more than they did a month ago.

Summary: The median home sold price in 23666 was $1,779,250 in October 2024, up 474% from last month, and the median price per square foot was $936.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $275K$1.7M
+547.0%
4 $337.5K-
N/A
5+ --
N/A

Summary: 23666 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 547%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23666
+474.0%
23605
-13.0%

Housing Supply in 23666, VA

How many homes are available in 23666, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
237253+6.8%

Summary: The 23666 real estate market had 253 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 54
-20.0%
2 3137
+19.4%
3 123135
+9.8%
4 6667
+1.5%
5+ 1210
-16.7%

Summary: The 23666 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5343-18.9%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23666, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 43 homes were sold or pending in 23666 in October 2024, down by 18.9% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 23666, VA

How long does it take to sell a home in 23666, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
36 Days37 Days+2.4%

Summary: Homes in 23666 had an average of 37 days on market in Oct 2024, up by 2.4% compared to last month.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23666 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 43 homes were sold in 23666; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 12% 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 23666, VA

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