$2,672 Closing Credit*
$225,000
4,050 SqFt
Izamar Martinez Bruno, Listing Office: EXP Realty LLC
Is 23803, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 23803 has remained a Seller's Market.
Key Takeaway
23803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23803, VA
How much do homes in 23803, VA cost?
Median Sold Price
$235,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+17.5%)
Key Takeaway
Homes in 23803 have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in 23803 was $235,000 in October 2024, up 17.5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72.5K | $101K | +39.3% |
| 2 Bedrooms | $124.5K | $135K | +8.4% |
| 3 Bedrooms | $205K | $235K | +14.6% |
| 4 Bedrooms | $260K | $290K | +11.5% |
| 5+ Bedrooms | $287K | $360.5K | +25.6% |
Summary: 23803 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.3%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 25.6%.
Housing Supply in 23803, VA
How many homes are available in 23803, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 198 | 222 | +12.1% |
Summary: The 23803 real estate market had 222 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 32 | 23 | -28.1% |
| 3 Bedrooms | 115 | 139 | +20.9% |
| 4 Bedrooms | 38 | 45 | +18.4% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 23803 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 decreased by 28.1%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 40 | -2.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23803, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 23803 in October 2024, down by 2.4% month-over-month. Of the 39 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 23803, VA
How long does it take to sell a home in 23803, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 42 Days | +105.6% |
Summary: Homes in 23803 had an average of 42 days on market in Oct 2024, up by 105.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23803 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in 23803; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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