Is 23803, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 23803 has remained a Seller's Market.
Key Takeaway
23803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23803, VA
How much do homes in 23803, VA cost?
Median Sold Price
$205,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 23803 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 23803 was $205,000 in March 2024, up 2.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81K | $72.5K | -10.5% |
| 2 Bedrooms | $83K | $135K | +62.7% |
| 3 Bedrooms | $210.7K | $206.5K | -2.0% |
| 4 Bedrooms | $250K | $264K | +5.6% |
| 5+ Bedrooms | $223.5K | $322.5K | +44.3% |
Summary: 23803 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 62.7%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 44.3%.
Housing Supply in 23803, VA
How many homes are available in 23803, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 183 | 206 | +12.6% |
Summary: The 23803 real estate market had 206 homes for sale in March 2024, a 12.6% 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 | 18 | 23 | +27.8% |
| 3 Bedrooms | 119 | 129 | +8.4% |
| 4 Bedrooms | 38 | 46 | +21.1% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 23803 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 27.8%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 46 | +39.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23803, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in 23803 in March 2024, up by 39.4% month-over-month. Of the 46 sold homes, 43% were sold under asking, 15% were sold at asking, and 41% were sold over asking.
Days on Market for 23803, VA
How long does it take to sell a home in 23803, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 43 Days | +3.2% |
Summary: Homes in 23803 had an average of 43 days on market in Mar 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23803 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 46 homes were sold in 23803; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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