Is 23838, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23838 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 23838 has remained a Seller's Market.

Key Takeaway

23838 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23838, VA

How much do homes in 23838, VA cost?

Median Sold Price

$600,743

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$46,618(+8.4%)

Key Takeaway

Homes in 23838 have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in 23838 was $600,743 in October 2024, up 8.4% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $372.5K$402.4K
+8.0%
4 $550K$580K
+5.5%
5+ $686.9K$700K
+1.9%

Summary: 23838 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 did not change, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Zip Codes

23838
+8.4%
23832
+6.6%
23831
+6.0%
23112
+4.4%

Housing Supply in 23838, VA

How many homes are available in 23838, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9698+2.1%

Summary: The 23838 real estate market had 98 homes for sale in October 2024, a 2.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2223
+4.5%
4 4548
+6.7%
5+ 2927
-6.9%

Summary: The 23838 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 4.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 6.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23230.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23838, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 23838 in October 2024, the same as the previous month. Of the 23 sold homes, 65% were sold under asking, 9% were sold at asking, and 26% were sold over asking.

Days on Market for 23838, VA

How long does it take to sell a home in 23838, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days115 Days+451.4%

Summary: Homes in 23838 had an average of 115 days on market in Oct 2024, up by 451.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23838 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 23 homes were sold in 23838; 43% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 22% 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 23838, VA

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