Is 23860, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23860 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23860 has remained a Seller's Market.

Key Takeaway

23860 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23860, VA cost?

Median Sold Price

$184,825

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$24,875(+15.6%)

Key Takeaway

Homes in 23860 have sold for 15.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $135K$127.5K
-5.6%
2 $107K$130K
+21.5%
3 $149.9K$175K
+16.7%
4 $200K$234K
+17.0%
5+ $226.2K$295K
+30.4%

Median Sold Price Compared To Nearby Zip Codes

23836
+25.0%
23834
+17.9%
23860
+15.6%
23875
+15.2%

How many homes are available in 23860, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
160135-15.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 1615
-6.3%
3 10177
-23.8%
4 3330
-9.1%
5+ 1013
+30.0%

Number of Homes Sold

Nov 2021Dec 2021%
4851+6.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23860, you could pay more than the asking price. 38% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
23 Days24 Days+3.4%

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23860 are selling fast, if you're buying plan to act quickly.

About 23860, VA

23860, VA has 135 homes for sale to choose from. Between November 2021 and December 2021, 23860, VA real estate market has seen decrease in the number of listings by 15.6%. In December 2021 median list price was $184,825 and the average listing age was 24 days. This housing market listing prices have changed between November 2021 and December 2021: 1 bedroom properties became 5.6% more cheaper, 2 bedrooms properties prices increased by 21.5%, prices of 3 bedrooms properties went up by 16.7%, prices of 4 bedrooms properties increased by 17%, prices of 5 bedrooms properties went up by 30.4%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 6.3%, volume of 3 bedrooms homes went down by 23.8%, the quantity of 4 bedrooms homes went down by 9.1%, the quantity of 5 bedrooms homes went up by 30%. Over 19 listings were sold over their listed price in December 2021 in 23860, VA. In the same period over 17 listings were sold below the listed price and 14 listings were sold for the listed price.