Is 23836, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23836 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 23836 was a Buyer's Market.

Key Takeaway

23836 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23836, VA

How much do homes in 23836, VA cost?

Median Sold Price

$437,520

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,520(+8.0%)

Key Takeaway

Homes in 23836 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 23836 was $437,520 in October 2024, up 8% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $435K$501.1K
+15.2%
3 $316.4K$350K
+10.6%
4 $405K$425K
+4.9%
5+ $564K$580K
+2.8%

Summary: 23836 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 15.2%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Zip Codes

23834
+15.2%
23231
+8.4%
23836
+8.0%
23831
+6.0%
23860
+5.0%

Housing Supply in 23836, VA

How many homes are available in 23836, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8178-3.7%

Summary: The 23836 real estate market had 78 homes for sale in October 2024, a 3.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 3232
0.0%
4 2523
-8.0%
5+ 1617
+6.3%

Summary: The 23836 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2115-28.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23836, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 23836 in October 2024, down by 28.6% month-over-month. Of the 15 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 23836, VA

How long does it take to sell a home in 23836, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days42 Days+61.2%

Summary: Homes in 23836 had an average of 42 days on market in Oct 2024, up by 61.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23836 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 23836; 80% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 13% 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 23836, VA

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