Is 23885, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23885 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 23885 has remained a Seller's Market.

Key Takeaway

23885 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23885, VA

How much do homes in 23885, VA cost?

Median Sold Price

$309,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,000(+1.0%)

Key Takeaway

Homes in 23885 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 23885 was $309,000 in November 2024, up 1% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $279.9K$300K
+7.2%
4 $483.5K$325K
-32.8%
5+ $369.7K$850K
+129.9%

Summary: 23885 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 did not change, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 32.8%, and 5+ bedroom homes increased by 129.9%.

Median Sold Price Compared To Nearby Zip Codes

23803
+16.0%
23841
+2.4%
23885
+1.0%

Housing Supply in 23885, VA

How many homes are available in 23885, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
54-20.0%

Summary: The 23885 real estate market had 4 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 33
0.0%
5+ 00
0.0%

Summary: The 23885 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23885, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 23885 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 23885, VA

How long does it take to sell a home in 23885, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
7 Days5 Days-35.9%

Summary: Homes in 23885 had an average of 5 days on market in Nov 2024, down by 35.9% compared to last year.

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 23885 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 23885; 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 21 Days Ago

Newest Listings in 23885, VA

Nearby Markets to 23885, VA