$4,036 Closing Credit*
$339,900
1,604 SqFt
4 Beds
•3 Full Baths
Deborah Carpenter, Listing Office: Weichert Brockwell & Associate
Is 23831, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$374,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,000(+6.9%)
Key Takeaway
Homes in 23831 have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in 23831 was $374,000 in November 2024, up 6.9% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $332K | $240K | -27.7% |
| 3 Bedrooms | $330K | $340K | +3.0% |
| 4 Bedrooms | $375K | $402.5K | +7.3% |
| 5+ Bedrooms | $410.2K | $450K | +9.7% |
Summary: 23831 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 decreased by 27.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in 23831, VA
How many homes are available in 23831, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 173 | 164 | -5.2% |
Summary: The 23831 real estate market had 164 homes for sale in November 2024, a 5.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 68 | 65 | -4.4% |
| 4 Bedrooms | 70 | 65 | -7.1% |
| 5+ Bedrooms | 30 | 29 | -3.3% |
Summary: The 23831 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 decreased by 4.4%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 3.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 42 | +10.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23831, expect to pay close to the asking price. 45.2% of homes here sold near the asking price last month.
Summary: A total of 42 homes were sold or pending in 23831 in November 2024, up by 10.5% month-over-month. Of the 42 sold homes, 19% were sold under asking, 45% were sold at asking, and 36% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 18 Days | -39.6% |
Summary: Homes in 23831 had an average of 18 days on market in Nov 2024, down by 39.6% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
7 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 November 2024, 42 homes were sold in 23831; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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