Is 23834, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23834 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 23834 has remained a Seller's Market.

Key Takeaway

23834 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23834, VA

How much do homes in 23834, VA cost?

Median Sold Price

$295,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,000(+15.2%)

Key Takeaway

Homes in 23834 have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in 23834 was $295,000 in October 2024, up 15.2% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $177.6K$200K
+12.6%
3 $250K$275K
+10.0%
4 $314.9K$335K
+6.4%
5+ $374.4K$430K
+14.8%

Summary: 23834 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 12.6%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 14.8%.

Median Sold Price Compared To Nearby Zip Codes

23803
+17.5%
23834
+15.2%
23836
+8.0%
23831
+6.0%
23875
+1.5%

Housing Supply in 23834, VA

How many homes are available in 23834, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
112121+8.0%

Summary: The 23834 real estate market had 121 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 610
+66.7%
3 6566
+1.5%
4 2533
+32.0%
5+ 1612
-25.0%

Summary: The 23834 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 66.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 32%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2831+10.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23834, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in 23834 in October 2024, up by 10.7% month-over-month. Of the 30 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% were sold over asking.

Days on Market for 23834, VA

How long does it take to sell a home in 23834, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days21 Days+19.0%

Summary: Homes in 23834 had an average of 21 days on market in Oct 2024, up by 19% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23834 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 31 homes were sold in 23834; 77% of homes were sold within 30 days, 13% 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 4 Days Ago

Newest Listings in 23834, VA

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