Is 23831, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23831 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23831 has remained a Seller's Market.

Key Takeaway

23831 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23831, VA cost?

Median Sold Price

$304,700

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$39,700(+15.0%)

Key Takeaway

Homes in 23831 have sold for 15% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $125K-
N/A
2 $235.5K$325K
+38.0%
3 $235K$267.7K
+13.9%
4 $285K$325K
+14.0%
5+ $323.5K$370K
+14.4%

Median Sold Price Compared To Nearby Zip Codes

23836
+25.0%
23834
+17.9%
23832
+15.4%
23831
+15.0%
23237
+14.0%

How many homes are available in 23831, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
242217-10.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 4540
-11.1%
3 9389
-4.3%
4 8369
-16.9%
5+ 2119
-9.5%

Number of Homes Sold

Nov 2021Dec 2021%
5750-12.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23831, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
20 Days9 Days-53.8%

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23831 are selling fast, if you're buying plan to act quickly.

About 23831, VA

Number of homes for sale in 23831, VA real estate market have reached 217. The inventory of homes for sale in 23831, VA between November 2021 and December 2021 decreased by 10.3%. While the average time on the market in December 2021 was 9 days, the median list price was $304,700. This housing market listing prices have changed between November 2021 and December 2021: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 38%, the cost of 3 bedrooms properties went up by 13.9%, prices of 4 bedrooms properties went up by 14%, prices of 5 bedrooms properties increased by 14.4%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 11.1%, the quantity of 3 bedrooms homes went down by 4.3%, number of 4 bedrooms homes decreased by 16.9%, 5 bedrooms homes inventory decreased by 9.5%. 23831, VA housing market in December 2021 saw over 32 listings sold above listed price, more than 13 sold at listed price and over 3 sold below.