$6,353 Closing Credit*
$535,000
1,890 SqFt
3 Beds
•2 Full Baths
Rick Tetterton, Listing Office: Long & Foster REALTORS
Is 23842, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 23842 has remained a Seller's Market.
Key Takeaway
23842 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23842, VA
How much do homes in 23842, VA cost?
Median Sold Price
$367,500
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,500(+12.4%)
Key Takeaway
Homes in 23842 have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in 23842 was $367,500 in October 2024, up 12.4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $294.5K | - | N/A |
| 3 Bedrooms | $302.5K | $334K | +10.4% |
| 4 Bedrooms | $340K | $416.2K | +22.4% |
| 5+ Bedrooms | $469K | $540K | +15.1% |
Summary: 23842 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 10.4%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 15.1%.
Housing Supply in 23842, VA
How many homes are available in 23842, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 33 | +13.8% |
Summary: The 23842 real estate market had 33 homes for sale in October 2024, a 13.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 23842 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 7.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 15 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23842, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 23842 in October 2024, up by 200.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 50% were sold at asking, and 14% were sold over asking.
Days on Market for 23842, VA
How long does it take to sell a home in 23842, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 55 Days | +54.4% |
Summary: Homes in 23842 had an average of 55 days on market in Oct 2024, up by 54.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 23842 has remained consistent over time.
Summary: During October 2024, 15 homes were sold in 23842; 27% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved