Is 23947, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23947 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 23947 was a Neutral Market.

Key Takeaway

23947 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23947, VA

How much do homes in 23947, VA cost?

Median Sold Price

$255,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$70,100(+37.9%)

Key Takeaway

Homes in 23947 have sold for 37.9% more than they did a year ago.

Summary: The median home sold price in 23947 was $255,000 in December 2024, up 37.9% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $254.9K-
N/A
2 $86K$129.9K
+51.0%
3 $224.9K$256.5K
+14.1%
4 -$402.5K
N/A
5+ --
N/A

Summary: 23947 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51%, 3 bedroom homes increased by 14.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 23947, VA

How many homes are available in 23947, VA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
810+25.0%

Summary: The 23947 real estate market had 10 homes for sale in December 2024, a 25.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 78
+14.3%
4 12
+100.0%
5+ 00
0.0%

Summary: The 23947 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23947, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 23947 in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 23947, VA

How long does it take to sell a home in 23947, VA?

Average Sale Time

Dec 2023Dec 2024CHANGE
82 Days161 Days+96.3%

Summary: Homes in 23947 had an average of 161 days on market in Dec 2024, up by 96.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were 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 23947 has remained consistent over time.

Summary: During December 2024, 4 homes were sold in 23947; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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 2 Days Ago

Newest Listings in 23947, VA

Nearby Markets to 23947, VA