Is 23890, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23890 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 23890 was a Buyer's Market.

Key Takeaway

23890 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 23890, VA

How much do homes in 23890, VA cost?

Median Sold Price

$205,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+24.2%)

Key Takeaway

Homes in 23890 have sold for 24.2% more than they did a year ago.

Summary: The median home sold price in 23890 was $205,000 in October 2024, up 24.2% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $165K$160K
-3.0%
3 $172.4K$215.5K
+24.9%
4 $223K$168.4K
-24.5%
5+ $130K-
N/A

Summary: 23890 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 decreased by 3%, 3 bedroom homes increased by 24.9%, 4 bedroom homes decreased by 24.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23890
+24.2%
23842
+12.4%

Housing Supply in 23890, VA

How many homes are available in 23890, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1614-12.5%

Summary: The 23890 real estate market had 14 homes for sale in October 2024, a 12.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1210
-16.7%
4 44
0.0%
5+ 00
0.0%

Summary: The 23890 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

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 23890, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 23890 in October 2024, down by 33.3% 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 23890, VA

How long does it take to sell a home in 23890, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
3 Days70 Days+2250.0%

Summary: Homes in 23890 had an average of 70 days on market in Oct 2024, up by 2250% compared to last year.

Breakdown of Home Sale Times

0 Homes Were 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

Avg time on Rocket Homes in 23890 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 23890; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

Newest Listings in 23890, VA

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