Is 23875, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23875 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23875 has remained a Seller's Market.

Key Takeaway

23875 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23875, VA cost?

Median Sold Price

$270,500

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$35,600(+15.2%)

Key Takeaway

Homes in 23875 have sold for 15.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $87.7K-
N/A
2 $226.4K$215K
-5.1%
3 $219.9K$262K
+19.1%
4 $265K$299.5K
+13.0%
5+ $223K$325K
+45.7%

Median Sold Price Compared To Nearby Zip Codes

23834
+17.9%
23860
+15.6%
23875
+15.2%
23842
+9.9%

How many homes are available in 23875, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
32320.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 1517
+13.3%
4 1513
-13.3%
5+ 22
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
811+37.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23875, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
12 Days31 Days+153.8%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23875 are selling fast, if you're buying plan to act quickly.

About 23875, VA

Number of homes for sale in 23875, VA real estate market have reached 32. The median list price of listings available in December 2021 was $270,500, while the average time on the real estate market was 31 days. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices decreased by 5.1%, 3 bedrooms properties prices increased by 19.1%, 4 bedrooms properties prices increased by 13%, 5 bedrooms properties became 45.7% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes increased by 13.3%, 4 bedrooms homes became 13.3% less available, number of 5 bedrooms homes remained the same. In December 2021, from all listings sold in 23875, VA there were more than 4 sold above asking price, over 5 sold below and more than 2 were sold right at the asked price.