Is 23842, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 23842 was a Seller's Market.
Housing Prices in 23842, VA
How much do homes in 23842, VA cost?
Median Sold Price
$325,000
$173/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in 23842 was $325,000 in March 2024, the same as last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $155K | $294.5K | +90.0% |
3 Bedrooms | $302K | $310K | +2.6% |
4 Bedrooms | $375K | $369.5K | -1.5% |
5+ Bedrooms | $399K | $465K | +16.5% |
Summary: 23842 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 90%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 16.5%.
Housing Supply in 23842, VA
How many homes are available in 23842, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 26 | +23.8% |
Summary: The 23842 real estate market had 26 homes for sale in March 2024, a 23.8% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 10 | 16 | +60.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 23842 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 increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 23842 in March 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 23842, VA
How long does it take to sell a home in 23842, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 7 Days | -84.1% |
Summary: Homes in 23842 had an average of 7 days on market in Mar 2024, down by 84.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 23842; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.