Is 23883, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23883 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 23883 was a Buyer's Market.

Key Takeaway

23883 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23883, VA

How much do homes in 23883, VA cost?

Median Sold Price

$475,000

$147/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$215,700(+83.2%)

Key Takeaway

Homes in 23883 have sold for 83.2% more than they did a month ago.

Summary: The median home sold price in 23883 was $475,000 in November 2024, up 83.2% from last month, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $260K$475K
+82.7%
4 $258.6K-
N/A
5+ --
N/A

Summary: 23883 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 82.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23883
+83.2%
23602
+8.9%

Housing Supply in 23883, VA

How many homes are available in 23883, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3433-2.9%

Summary: The 23883 real estate market had 33 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1212
0.0%
4 1211
-8.3%
5+ 1010
0.0%

Summary: The 23883 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 remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
36+100.0%

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 23883, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 23883 in November 2024, up by 100.0% 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 23883, VA

How long does it take to sell a home in 23883, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
29 Days77 Days+161.8%

Summary: Homes in 23883 had an average of 77 days on market in Nov 2024, up by 161.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23883 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in 23883; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

Newest Listings in 23883, VA

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