Is 23601, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 23601 has remained a Seller's Market.
Key Takeaway
23601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23601, VA
How much do homes in 23601, VA cost?
Median Sold Price
$371,250
$220/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 23601 have sold for 47.9% more than they did a month ago.
Summary: The median home sold price in 23601 was $371,250 in March 2024, up 47.9% from last month, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $251K | $267.5K | +6.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $475K | N/A |
Summary: 23601 housing prices by bedroom type for March 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 increased by 6.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 23601, VA
How many homes are available in 23601, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 116 | 118 | +1.7% |
Summary: The 23601 real estate market had 118 homes for sale in March 2024, a 1.7% increase 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 59 | 57 | -3.4% |
| 4 Bedrooms | 36 | 38 | +5.6% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 23601 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 increased by 40%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 23601, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 23601 in March 2024, down by 3.6% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 23601, VA
How long does it take to sell a home in 23601, VA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 32 Days | -0.0% |
Summary: Homes in 23601 had an average of 32 days on market in Mar 2024, down by 0% compared to last month.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23601 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in 23601; 59% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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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
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