Is 23882, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23882 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 23882 was a Seller's Market.

Key Takeaway

23882 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23882, VA

How much do homes in 23882, VA cost?

Median Sold Price

$305,000

$132/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$35,425(+13.1%)

Key Takeaway

Homes in 23882 have sold for 13.1% more than they did a month ago.

Summary: The median home sold price in 23882 was $305,000 in November 2024, up 13.1% from last month, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $120.6K-
N/A
4 $234.1K-
N/A
5+ $305K$305K
0.0%

Summary: 23882 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 23882, VA

How many homes are available in 23882, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1411-21.4%

Summary: The 23882 real estate market had 11 homes for sale in November 2024, a 21.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 00
0.0%
3 78
+14.3%
4 10
-100.0%
5+ 41
-75.0%

Summary: The 23882 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 increased by 14.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 75%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23882, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 23882 in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 23882, VA

How long does it take to sell a home in 23882, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
56 Days13 Days-76.9%

Summary: Homes in 23882 had an average of 13 days on market in Nov 2024, down by 76.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23882 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 23882; 100% of homes were sold within 30 days, 0% 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 25 Days Ago

Newest Listings in 23882, VA

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