Is 23607, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 23607 was a Neutral Market.
Housing Prices in 23607, VA
How much do homes in 23607, VA cost?
Median Sold Price
$130,000
$128/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in 23607 was $130,000 in March 2024, down 37.3% from last month, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $207.5K | $130K | -37.3% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: 23607 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 decreased by 37.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
23601 | $251K | $371.2K | +47.9% |
23607 | $207.5K | $130K | -37.3% |
Housing Supply in 23607, VA
How many homes are available in 23607, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
164 | 189 | +15.2% |
Summary: The 23607 real estate market had 189 homes for sale in March 2024, a 15.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 2 | -66.7% |
2 Bedrooms | 24 | 26 | +8.3% |
3 Bedrooms | 78 | 92 | +17.9% |
4 Bedrooms | 36 | 46 | +27.8% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The 23607 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 21 | -22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 23607 in March 2024, down by 22.2% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 23607, VA
How long does it take to sell a home in 23607, VA?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 58 Days | +39.1% |
Summary: Homes in 23607 had an average of 58 days on market in Mar 2024, up by 39.1% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 23607; 38% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.