Is 23888, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23888 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 23888 was a Buyer's Market.

Key Takeaway

23888 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23888, VA

How much do homes in 23888, VA cost?

Median Sold Price

$399,900

$120/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$255,450(+176.8%)

Key Takeaway

Homes in 23888 have sold for 176.8% more than they did a month ago.

Summary: The median home sold price in 23888 was $399,900 in November 2024, up 176.8% from last month, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $144.4K-
N/A
4 -$399.9K
N/A
5+ --
N/A

Summary: 23888 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 23888, VA

How many homes are available in 23888, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1514-6.7%

Summary: The 23888 real estate market had 14 homes for sale in November 2024, a 6.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 64
-33.3%
4 55
0.0%
5+ 23
+50.0%

Summary: The 23888 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

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 23888, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 23888 in November 2024, up by 50.0% 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 23888, VA

How long does it take to sell a home in 23888, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
12 Days71 Days+494.4%

Summary: Homes in 23888 had an average of 71 days on market in Nov 2024, up by 494.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23888 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 23888; 33% of homes were sold within 30 days, 33% 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 17 Days Ago

Newest Listings in 23888, VA

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