Is 23608, 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, 23608 has remained a Seller's Market.
Key Takeaway
23608 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23608, VA
How much do homes in 23608, VA cost?
Median Sold Price
$475,000
$192/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 23608 have sold for 66.7% more than they did a month ago.
Summary: The median home sold price in 23608 was $475,000 in April 2024, up 66.7% from last month, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $270K | - | N/A |
| 4 Bedrooms | $285K | $475K | +66.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 23608 housing prices by bedroom type for April 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 66.7%, and 5+ bedroom homes did not change.
Housing Supply in 23608, VA
How many homes are available in 23608, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 214 | 227 | +6.1% |
Summary: The 23608 real estate market had 227 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 131 | 139 | +6.1% |
| 4 Bedrooms | 61 | 64 | +4.9% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 23608 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 56 | +3.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23608, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 56 homes were sold or pending in 23608 in April 2024, up by 3.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 23608, VA
How long does it take to sell a home in 23608, VA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 26 Days | -16.0% |
Summary: Homes in 23608 had an average of 26 days on market in Apr 2024, down by 16% compared to last month.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23608 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 56 homes were sold in 23608; 68% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 2% 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