Is 23872, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23872 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 23872 has remained a Buyer's Market.

Key Takeaway

23872 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23872, VA

How much do homes in 23872, VA cost?

Median Sold Price

$225,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,000(+9.2%)

Key Takeaway

Homes in 23872 have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in 23872 was $225,000 in November 2024, up 9.2% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $190K$185K
-2.6%
3 $200K$215K
+7.5%
4 $240K$300K
+25.0%
5+ $267K$420K
+57.3%

Summary: 23872 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 57.3%.

Median Sold Price Compared To Nearby Zip Codes

23872
+9.2%
23841
+2.4%

Housing Supply in 23872, VA

How many homes are available in 23872, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1110-9.1%

Summary: The 23872 real estate market had 10 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 98
-11.1%
4 10
-100.0%
5+ 00
0.0%

Summary: The 23872 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 increased by 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23872, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 23872 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 23872, VA

How long does it take to sell a home in 23872, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days34 Days+88.9%

Summary: Homes in 23872 had an average of 34 days on market in Nov 2024, up by 88.9% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in 23872 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 23872; 0% of homes were sold within 30 days, 100% 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 4 Days Ago

Newest Listings in 23872, VA

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