Is 23872, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23872 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23872 has remained a Seller's Market.

Key Takeaway

23872 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23872, VA cost?

Median Sold Price

$174,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

-$18,000(-9.4%)

Key Takeaway

Homes in 23872 have sold for 9.4% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $105K$156.5K
+49.0%
3 $185.5K$180K
-3.0%
4 $235K$180.5K
-23.2%
5+ $245K-
N/A

Median Sold Price Compared To Nearby Zip Codes

23841
+9.5%
23872
-9.4%

How many homes are available in 23872, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
1012+20.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 21
-50.0%
3 811
+37.5%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
25+150.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23872, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
33 Days19 Days-41.2%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23872 are selling fast, if you're buying plan to act quickly.

About 23872, VA

23872, VA has 12 homes on the market. The number of listings in 23872, VA increased by 20% between November 2021 and December 2021. In December 2021, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $174,000. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 49% more expensive, prices of 3 bedrooms properties decreased by 3%, the cost of 4 bedrooms properties went down by 23.2%, 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: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 50%, the quantity of 3 bedrooms homes went up by 37.5%, the quantity of 4 bedrooms homes have not changed, volume of 5 bedrooms homes stayed the same. While more than 3 listings in 23872, VA in December 2021 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below.