Is 23842, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23842 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23842 has remained a Seller's Market.

Key Takeaway

23842 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23842, VA cost?

Median Sold Price

$277,700

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$25,030(+9.9%)

Key Takeaway

Homes in 23842 have sold for 9.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $247K$207.4K
-16.0%
3 $237.5K$257K
+8.2%
4 $300K$362K
+20.7%
5+ $399.9K$402.5K
+0.7%

Median Sold Price Compared To Nearby Zip Codes

23860
+15.6%
23875
+15.2%
23842
+9.9%
23805
+8.8%

How many homes are available in 23842, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
3027-10.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 2119
-9.5%
4 98
-11.1%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
611+83.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23842, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
74 Days21 Days-70.7%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23842 are selling fast, if you're buying plan to act quickly.

About 23842, VA

There are 27 homes are for sale in 23842, VA real estate market. The inventory of homes for sale in 23842, VA between November 2021 and December 2021 decreased by 10%. Listings spent 21 days on the market in December 2021, and had a median list price of $277,700 during the same period. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices decreased by 16%, the cost of 3 bedrooms properties went up by 8.2%, prices of 4 bedrooms properties increased by 20.7%, prices of 5 bedrooms properties went up by 0.7%. This housing market inventory have changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes decreased by 9.5%, the quantity of 4 bedrooms homes went down by 11.1%, number of 5 bedrooms homes remained the same. Over 6 listings were sold over their listed price in December 2021 in 23842, VA. In the same period over 4 listings were sold below the listed price and 1 listings were sold for the listed price.