Is 23832, 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, 23832 has remained a Seller's Market.
Housing Prices in 23832, VA
How much do homes in 23832, VA cost?
Median Sold Price
$376,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 23832 was $376,000 in March 2024, up 1.3% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122K | - | N/A |
2 Bedrooms | $245.5K | $340.5K | +38.7% |
3 Bedrooms | $301.5K | $322.5K | +6.9% |
4 Bedrooms | $390.6K | $416K | +6.5% |
5+ Bedrooms | $526K | $575K | +9.3% |
Summary: 23832 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 38.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in 23832, VA
How many homes are available in 23832, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
124 | 141 | +13.7% |
Summary: The 23832 real estate market had 141 homes for sale in March 2024, a 13.7% 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 | 5 | 3 | -40.0% |
3 Bedrooms | 45 | 53 | +17.8% |
4 Bedrooms | 56 | 61 | +8.9% |
5+ Bedrooms | 18 | 24 | +33.3% |
Summary: The 23832 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 decreased by 40%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 41 | +57.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 23832 in March 2024, up by 57.7% month-over-month. Of the 40 sold homes, 13% were sold under asking, 33% were sold at asking, and 55% were sold over asking.
Days on Market for 23832, VA
How long does it take to sell a home in 23832, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 19 Days | +7.6% |
Summary: Homes in 23832 had an average of 19 days on market in Mar 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in 23832; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.