$50,000
4.80 Acres
Land
Rebecca Simpson, Listing Office: RE/MAX Advantage Plus
Is 23901, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 23901 has remained a Seller's Market.
Key Takeaway
23901 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23901, VA
How much do homes in 23901, VA cost?
Median Sold Price
$308,900
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$43,900(+16.6%)
Key Takeaway
Homes in 23901 have sold for 16.6% more than they did a year ago.
Summary: The median home sold price in 23901 was $308,900 in December 2024, up 16.6% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $460K | +384.2% |
| 2 Bedrooms | $100K | $189.9K | +90.0% |
| 3 Bedrooms | $260.7K | $295K | +13.1% |
| 4 Bedrooms | $295K | $379.9K | +28.8% |
| 5+ Bedrooms | $348K | $441K | +26.7% |
Summary: 23901 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 384.2%, 2 bedroom homes increased by 90%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 28.8%, and 5+ bedroom homes increased by 26.7%.
Housing Supply in 23901, VA
How many homes are available in 23901, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 58 | 54 | -6.9% |
Summary: The 23901 real estate market had 54 homes for sale in December 2024, a 6.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 23901 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23901, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 23901 in December 2024, up by 87.5% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for 23901, VA
How long does it take to sell a home in 23901, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 92 Days | 54 Days | -40.8% |
Summary: Homes in 23901 had an average of 54 days on market in Dec 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23901 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 15 homes were sold in 23901; 53% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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