Is 23847, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23847 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 23847 has remained a Seller's Market.

Key Takeaway

23847 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23847, VA cost?

Median Sold Price

$222,500

$121/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$102,500(+85.4%)

Key Takeaway

Homes in 23847 have sold for 85.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 $120K$95K
-20.8%
4 -$350K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

23847
+85.4%
23867
-43.4%

How many homes are available in 23847, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
97-22.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 11
0.0%
3 54
-20.0%
4 21
-50.0%
5+ 11
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23847, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Dec 2021%
123 Days13 Days-89.1%

Breakdown of Home Sale Times

2 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 23847 are selling fast, if you're buying plan to act quickly.

About 23847, VA

23847, VA has 7 homes on the market. In December 2021 in 23847, VA there were 22.2% less homes for sale than in November 2021. While the average time on the market in December 2021 was 13 days, the median list price was $222,500. Between December 2020 and December 2021, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, the cost of 3 bedrooms properties went down by 20.8%, 4 bedrooms properties became 0% more expensive, prices of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 20%, number of 4 bedrooms homes decreased by 50%, volume of 5 bedrooms homes stayed the same. Over 0 listings were sold over their listed price in December 2021 in 23847, VA. In the same period over 0 listings were sold below the listed price and 2 listings were sold for the listed price.