Is 23847, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23847 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 23847 was a Seller's Market.

Key Takeaway

23847 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23847, VA

How much do homes in 23847, VA cost?

Median Sold Price

$237,000

$128/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$97,400(+69.8%)

Key Takeaway

Homes in 23847 have sold for 69.8% more than they did a month ago.

Summary: The median home sold price in 23847 was $237,000 in November 2024, up 69.8% from last month, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $139.6K$221K
+58.3%
4 $163.5K$250K
+52.9%
5+ --
N/A

Summary: 23847 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 58.3%, 4 bedroom homes increased by 52.9%, and 5+ bedroom homes did not change.

Housing Supply in 23847, VA

How many homes are available in 23847, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3633-8.3%

Summary: The 23847 real estate market had 33 homes for sale in November 2024, a 8.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2524
-4.0%
4 97
-22.2%
5+ 11
0.0%

Summary: The 23847 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23847, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 23847 in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 23847, VA

How long does it take to sell a home in 23847, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
47 Days81 Days+72.9%

Summary: Homes in 23847 had an average of 81 days on market in Nov 2024, up by 72.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 23847 has remained consistent over time.

Summary: During November 2024, 4 homes were sold in 23847; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 10 Days Ago

Newest Listings in 23847, VA

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