$4,750 Closing Credit*
$399,993
2,337 SqFt
5 Beds
•2 Full Baths, 1 Partial
Beverly Bailey, Listing Office: RE/MAX Commonwealth
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.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved