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

$375,000

$250/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$135,000(-26.5%)

Key Takeaway

Homes in 23692 have sold for 26.5% less than they did a month ago.

Summary: The median home sold price in 23692 was $375,000 in October 2024, down 26.5% from last month, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $574.9K$313K
-45.6%
4 $510K$375K
-26.5%
5+ -$720K
N/A

Summary: 23692 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 decreased by 45.6%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23608
+2.7%
23690
+0.8%
23693
-0.8%
23692
-26.5%

Housing Supply in 23692, VA

How many homes are available in 23692, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
100106+6.0%

Summary: The 23692 real estate market had 106 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1013
+30.0%
3 4344
+2.3%
4 3031
+3.3%
5+ 1718
+5.9%

Summary: The 23692 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 30%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1724+41.2%

Asking Price vs. Sold Price

3 Homes Were 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 23692, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 23692 in October 2024, up by 41.2% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Sep 2024Oct 2024CHANGE
32 Days31 Days-2.5%

Summary: Homes in 23692 had an average of 31 days on market in Oct 2024, down by 2.5% compared to last month.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 24 homes were sold in 23692; 46% of homes were sold within 30 days, 50% 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 23692, VA

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