$3,088 Closing Credit*
$260,000
1,568 SqFt
3 Beds
•2 Full Baths, 1 Partial
Eunicseia Johnson, Listing Office: CTI Real Estate
Is 23860, 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, 23860 has remained a Seller's Market.
Key Takeaway
23860 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23860, VA
How much do homes in 23860, VA cost?
Median Sold Price
$239,950
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,450(+5.0%)
Key Takeaway
Homes in 23860 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 23860 was $239,950 in October 2024, up 5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $145K | $180K | +24.1% |
| 3 Bedrooms | $220K | $230K | +4.5% |
| 4 Bedrooms | $266.7K | $284.4K | +6.6% |
| 5+ Bedrooms | $310K | $310K | 0.0% |
Summary: 23860 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 24.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes did not change.
Housing Supply in 23860, VA
How many homes are available in 23860, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 148 | +23.3% |
Summary: The 23860 real estate market had 148 homes for sale in October 2024, a 23.3% 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 | 15 | 18 | +20.0% |
| 3 Bedrooms | 67 | 85 | +26.9% |
| 4 Bedrooms | 30 | 34 | +13.3% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 23860 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 increased by 20%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 30 | +57.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23860, expect to pay close to the asking price. 36.7% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in 23860 in October 2024, up by 57.9% month-over-month. Of the 30 sold homes, 33% were sold under asking, 37% were sold at asking, and 30% were sold over asking.
Days on Market for 23860, VA
How long does it take to sell a home in 23860, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 27 Days | +35.7% |
Summary: Homes in 23860 had an average of 27 days on market in Oct 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23860 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in 23860; 63% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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