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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23842 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 23842 was a Seller's Market.

Key Takeaway

23842 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.

Key Takeaway

The sold price of homes in 23842 has remained the same since last year.

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $155K$294.5K
+90.0%
3 $302K$310K
+2.6%
4 $375K$369.5K
-1.5%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

23860
+13.0%
23875
+6.5%
23805
+3.1%
23842
0.0%

Housing Supply in 23842, VA

How many homes are available in 23842, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2126+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1016
+60.0%
4 77
0.0%
5+ 32
-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 2024Mar 2024CHANGE
440.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 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. 100% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
45 Days7 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 23842, VA

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