$5,224 Closing Credit*
$439,900
2,400 SqFt
Troy Gibbs, Listing Office: EXP Realty LLC
Is 23875, 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, 23875 has remained a Seller's Market.
Key Takeaway
23875 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23875, VA
How much do homes in 23875, VA cost?
Median Sold Price
$330,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.5%)
Key Takeaway
Homes in 23875 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 23875 was $330,000 in October 2024, up 1.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $237.4K | $239.5K | +0.9% |
| 3 Bedrooms | $300K | $312.5K | +4.2% |
| 4 Bedrooms | $341.8K | $357.5K | +4.6% |
| 5+ Bedrooms | $405K | $412K | +1.7% |
Summary: 23875 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 0.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in 23875, VA
How many homes are available in 23875, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 36 | -7.7% |
Summary: The 23875 real estate market had 36 homes for sale in October 2024, a 7.7% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 21 | 16 | -23.8% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 23875 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 decreased by 25%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23875, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 23875 in October 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for 23875, VA
How long does it take to sell a home in 23875, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 31 Days | +76.4% |
Summary: Homes in 23875 had an average of 31 days on market in Oct 2024, up by 76.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23875 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 23875; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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