Is 23838, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23838 is a seller's market

Buyer's
Market

Difference Since December 2020

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.

How much do homes in 23838, VA cost?

Median Sold Price

$450,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$45,833(+11.3%)

Key Takeaway

Homes in 23838 have sold for 11.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$110K
N/A
2 $249K$231K
-7.2%
3 $270K$339.5K
+25.7%
4 $410K$450K
+9.8%
5+ $490K$550.2K
+12.3%

Median Sold Price Compared To Nearby Zip Codes

23832
+15.4%
23831
+15.0%
23112
+11.8%
23838
+11.3%

How many homes are available in 23838, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
9366-29.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 01
+100.0%
3 2517
-32.0%
4 4032
-20.0%
5+ 2816
-42.9%

Number of Homes Sold

Nov 2021Dec 2021%
4226-38.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23838, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
26 Days16 Days-37.1%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23838 are selling fast, if you're buying plan to act quickly.

About 23838, VA

23838, VA has 66 homes for sale to choose from. The number of listings in 23838, VA decreased by 29% between November 2021 and December 2021. The median list price of listings available in December 2021 was $450,000, while the average time on the real estate market was 16 days. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 7.2% more cheaper, prices of 3 bedrooms properties increased by 25.7%, prices of 4 bedrooms properties increased by 9.8%, prices of 5 bedrooms properties increased by 12.3%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 100% more available, the quantity of 3 bedrooms homes went down by 32%, 4 bedrooms homes became 20% less available, number of 5 bedrooms homes decreased by 42.9%. 23838, VA housing market in December 2021 saw over 13 listings sold above listed price, more than 6 sold at listed price and over 7 sold below.