Is 23805, 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, 23805 has remained a Seller's Market.
Housing Prices in 23805, VA
How much do homes in 23805, VA cost?
Median Sold Price
$247,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 23805 was $247,000 in March 2024, up 3.1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $140K | $150.6K | +7.6% |
3 Bedrooms | $225K | $240K | +6.7% |
4 Bedrooms | $253.7K | $266K | +4.8% |
5+ Bedrooms | $405.7K | $384.2K | -5.3% |
Summary: 23805 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in 23805, VA
How many homes are available in 23805, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 67 | 0.0% |
Summary: The 23805 real estate market had 67 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 39 | 38 | -2.6% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 23805 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 remained the same, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 17 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 23805 in March 2024, the same as the previous month. Of the 17 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% were sold over asking.
Days on Market for 23805, VA
How long does it take to sell a home in 23805, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 21 Days | -48.6% |
Summary: Homes in 23805 had an average of 21 days on market in Mar 2024, down by 48.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 23805; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.