Is 23805, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23805 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 23805 was a Seller's Market.

Key Takeaway

23805 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 23805, VA

How much do homes in 23805, VA cost?

Median Sold Price

$249,900

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,900(+2.0%)

Key Takeaway

Homes in 23805 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 23805 was $249,900 in November 2024, up 2% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $150.6K$155K
+2.9%
3 $237K$239.5K
+1.1%
4 $252K$289.9K
+15.0%
5+ $395K$380K
-3.8%

Summary: 23805 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Zip Codes

23803
+16.0%
23875
+3.4%
23841
+2.4%
23805
+2.0%

Housing Supply in 23805, VA

How many homes are available in 23805, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5056+12.0%

Summary: The 23805 real estate market had 56 homes for sale in November 2024, a 12.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 3132
+3.2%
4 1213
+8.3%
5+ 59
+80.0%

Summary: The 23805 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 remained the same, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 80%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
149-35.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23805, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 23805 in November 2024, down by 35.7% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for 23805, VA

How long does it take to sell a home in 23805, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days30 Days+23.9%

Summary: Homes in 23805 had an average of 30 days on market in Nov 2024, up by 23.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23805 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 23805; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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 21 Days Ago

Newest Listings in 23805, VA

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