Is 23602, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23602 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 23602 has remained a Seller's Market.

Key Takeaway

23602 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$493,500(+190.5%)

Key Takeaway

Homes in 23602 have sold for 190.5% more than they did a month ago.

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

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $259K-
N/A
3 $257K-
N/A
4 $270.9K$405K
+49.5%
5+ -$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
+190.5%
23608
+2.0%

Housing Supply in 23602, VA

How many homes are available in 23602, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
166176+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2430
+25.0%
3 7072
+2.9%
4 6166
+8.2%
5+ 118
-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 2024Mar 2024CHANGE
4634-26.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23602, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2024Mar 2024CHANGE
40 Days34 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23602 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in 23602, VA

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