$3,432 Closing Credit*
$289,000
1,248 SqFt
3 Beds
•1 Full Bath, 1 Partial
Bettye Reitmeier, Listing Office: Century 21 Colonial Realty
Is 23831, 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, 23831 has remained a Seller's Market.
Key Takeaway
23831 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23831, VA
How much do homes in 23831, VA cost?
Median Sold Price
$370,907
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,917(+6.0%)
Key Takeaway
Homes in 23831 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 23831 was $370,907 in October 2024, up 6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $332K | $250K | -24.7% |
| 3 Bedrooms | $330.3K | $339.5K | +2.8% |
| 4 Bedrooms | $371.2K | $400K | +7.7% |
| 5+ Bedrooms | $400K | $465K | +16.3% |
Summary: 23831 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 16.3%.
Housing Supply in 23831, VA
How many homes are available in 23831, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 154 | 178 | +15.6% |
Summary: The 23831 real estate market had 178 homes for sale in October 2024, a 15.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 56 | 71 | +26.8% |
| 4 Bedrooms | 64 | 69 | +7.8% |
| 5+ Bedrooms | 28 | 32 | +14.3% |
Summary: The 23831 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 remained the same, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 36 | -7.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23831, expect to pay close to the asking price. 37.1% of homes here sold near the asking price last month.
Summary: A total of 36 homes were sold or pending in 23831 in October 2024, down by 7.7% month-over-month. Of the 35 sold homes, 29% were sold under asking, 37% were sold at asking, and 34% were sold over asking.
Days on Market for 23831, VA
How long does it take to sell a home in 23831, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 21 Days | +37.6% |
Summary: Homes in 23831 had an average of 21 days on market in Oct 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23831 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in 23831; 67% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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