Is 23692, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23692 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 23692 has remained a Seller's Market.

Key Takeaway

23692 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23692, VA

How much do homes in 23692, VA cost?

Median Sold Price

$596,500

$219/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$221,500(+59.1%)

Key Takeaway

Homes in 23692 have sold for 59.1% more than they did a month ago.

Summary: The median home sold price in 23692 was $596,500 in November 2024, up 59.1% from last month, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $313K-
N/A
4 $375K$596.5K
+59.1%
5+ $720K-
N/A

Summary: 23692 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 increased by 59.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23693
+118.0%
23692
+59.1%

Housing Supply in 23692, VA

How many homes are available in 23692, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10397-5.8%

Summary: The 23692 real estate market had 97 homes for sale in November 2024, a 5.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1314
+7.7%
3 4134
-17.1%
4 3133
+6.5%
5+ 1816
-11.1%

Summary: The 23692 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 7.7%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2619-26.9%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23692, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in 23692 in November 2024, down by 26.9% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 23692, VA

How long does it take to sell a home in 23692, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
33 Days30 Days-8.8%

Summary: Homes in 23692 had an average of 30 days on market in Nov 2024, down by 8.8% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 23692 has remained consistent over time.

Summary: During November 2024, 19 homes were sold in 23692; 47% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in 23692, VA

Nearby Markets to 23692, VA