Is 23602, 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, 23602 has remained a Seller's Market.
Housing Prices in 23602, VA
How much do homes in 23602, VA cost?
Median Sold Price
$752,500
$228/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in 23602 was $752,500 in March 2024, up 190.5% from last month, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $259K | - | N/A |
3 Bedrooms | $257K | - | N/A |
4 Bedrooms | $270.9K | $405K | +49.5% |
5+ Bedrooms | - | $1.1M | N/A |
Summary: 23602 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 did not change, 4 bedroom homes increased by 49.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
23602 | $259K | $752.5K | +190.5% |
23608 | $279.5K | $285K | +2.0% |
Housing Supply in 23602, VA
How many homes are available in 23602, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
166 | 176 | +6.0% |
Summary: The 23602 real estate market had 176 homes for sale in March 2024, a 6.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 30 | +25.0% |
3 Bedrooms | 70 | 72 | +2.9% |
4 Bedrooms | 61 | 66 | +8.2% |
5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The 23602 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 25%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 34 | -26.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 23602 in March 2024, down by 26.1% 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 23602, VA
How long does it take to sell a home in 23602, VA?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 34 Days | -14.0% |
Summary: Homes in 23602 had an average of 34 days on market in Mar 2024, down by 14% compared to last month.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in 23602; 62% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.