Is 23841, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23841 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 23841 has remained a Seller's Market.

Key Takeaway

23841 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23841, VA

How much do homes in 23841, VA cost?

Median Sold Price

$300,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,500(+2.2%)

Key Takeaway

Homes in 23841 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 23841 was $300,000 in October 2024, up 2.2% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $111.1K$300K
+169.8%
3 $293.5K$279.4K
-4.8%
4 $295K$377K
+27.8%
5+ $515K$544K
+5.6%

Summary: 23841 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 169.8%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

23872
+4.8%
23805
+3.7%
23841
+2.2%

Housing Supply in 23841, VA

How many homes are available in 23841, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1114+27.3%

Summary: The 23841 real estate market had 14 homes for sale in October 2024, a 27.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1012
+20.0%
4 11
0.0%
5+ 01
+100.0%

Summary: The 23841 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23841, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 23841 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 23841, VA

How long does it take to sell a home in 23841, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days15 Days-53.3%

Summary: Homes in 23841 had an average of 15 days on market in Oct 2024, down by 53.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23841 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 23841; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in 23841, VA

Nearby Markets to 23841, VA