Is 23238, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 23238 was a Seller's Market.
Key Takeaway
23238 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 23238, VA
How much do homes in 23238, VA cost?
Median Sold Price
$492,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 23238 have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in 23238 was $492,000 in March 2024, up 16.9% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $165K | +6.5% |
| 2 Bedrooms | $251.5K | $265K | +5.4% |
| 3 Bedrooms | $349K | $375K | +7.4% |
| 4 Bedrooms | $497.5K | $575K | +15.6% |
| 5+ Bedrooms | $775K | $782K | +0.9% |
Summary: 23238 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in 23238, VA
How many homes are available in 23238, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 123 | 119 | -3.3% |
Summary: The 23238 real estate market had 119 homes for sale in March 2024, a 3.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 17 | -22.7% |
| 3 Bedrooms | 64 | 55 | -14.1% |
| 4 Bedrooms | 24 | 30 | +25.0% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The 23238 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.7%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 18 | -41.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23238, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 23238 in March 2024, down by 41.9% month-over-month. Of the 18 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% were sold over asking.
Days on Market for 23238, VA
How long does it take to sell a home in 23238, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 18 Days | +18.6% |
Summary: Homes in 23238 had an average of 18 days on market in Mar 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23238 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in 23238; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved