Is 23838, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 23838 has remained a Seller's Market.
Key Takeaway
23838 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23838, VA
How much do homes in 23838, VA cost?
Median Sold Price
$551,666
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 23838 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 23838 was $551,666 in April 2024, up 3.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $216K | - | N/A |
| 3 Bedrooms | $370.7K | $371.2K | 0.1% |
| 4 Bedrooms | $534.9K | $550K | +2.8% |
| 5+ Bedrooms | $640.4K | $673.3K | +5.1% |
Summary: 23838 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 23838, VA
How many homes are available in 23838, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 96 | 102 | +6.3% |
Summary: The 23838 real estate market had 102 homes for sale in April 2024, a 6.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 54 | 60 | +11.1% |
| 5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The 23838 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 remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23838, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 23838 in April 2024, up by 22.2% month-over-month. Of the 22 sold homes, 14% were sold under asking, 32% were sold at asking, and 55% were sold over asking.
Days on Market for 23838, VA
How long does it take to sell a home in 23838, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 31 Days | +153.5% |
Summary: Homes in 23838 had an average of 31 days on market in Apr 2024, up by 153.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23838 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in 23838; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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