Is 23832, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23832 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 23832 has remained a Seller's Market.

Key Takeaway

23832 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23832, VA

How much do homes in 23832, VA cost?

Median Sold Price

$415,266

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,594(+6.6%)

Key Takeaway

Homes in 23832 have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in 23832 was $415,266 in October 2024, up 6.6% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $122K-
N/A
2 $326.6K$348.4K
+6.7%
3 $311.8K$337K
+8.0%
4 $420K$466.7K
+11.1%
5+ $624.5K$627K
0.4%

Summary: 23832 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 increased by 6.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Zip Codes

23234
+10.9%
23838
+8.4%
23236
+6.7%
23832
+6.6%
23112
+4.4%

Housing Supply in 23832, VA

How many homes are available in 23832, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
187200+7.0%

Summary: The 23832 real estate market had 200 homes for sale in October 2024, a 7.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 6568
+4.6%
4 7782
+6.5%
5+ 4145
+9.8%

Summary: The 23832 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 increased by 25%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 9.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4148+17.1%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23832, you could pay more than the asking price. 39.1% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in 23832 in October 2024, up by 17.1% month-over-month. Of the 46 sold homes, 35% were sold under asking, 26% were sold at asking, and 39% were sold over asking.

Days on Market for 23832, VA

How long does it take to sell a home in 23832, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days25 Days+59.6%

Summary: Homes in 23832 had an average of 25 days on market in Oct 2024, up by 59.6% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23832 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 48 homes were sold in 23832; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% 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 23 Days Ago

Newest Listings in 23832, VA

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