Is 23803, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23803 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $72.5K$101K
+39.3%
2 $124.5K$135K
+8.4%
3 $205K$235K
+14.6%
4 $260K$290K
+11.5%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

23803
+17.5%
23834
+15.2%
23805
+3.7%

Housing Supply in 23803, VA

How many homes are available in 23803, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
198222+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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3223
-28.1%
3 115139
+20.9%
4 3845
+18.4%
5+ 1214
+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 2024Oct 2024CHANGE
4140-2.4%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
20 Days42 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in 23803, VA

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