Is 23881, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23881 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23881 has remained a Seller's Market.

Key Takeaway

23881 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23881, VA cost?

Median Sold Price

$329,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$89,050(+37.1%)

Key Takeaway

Homes in 23881 have sold for 37.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $145K$205K
+41.4%
3 $239.9K$269.9K
+12.5%
4 $350K$392.5K
+12.1%
5+ -$530.5K
N/A

Median Sold Price Compared To Nearby Zip Codes

23881
+37.1%
23842
+9.9%

How many homes are available in 23881, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
78+14.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 45
+25.0%
4 23
+50.0%
5+ 10
-100.0%

Number of Homes Sold

Nov 2021Dec 2021%
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23881, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
1 Day83 Days+8250.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23881 are selling fast, if you're buying plan to act quickly.

About 23881, VA

23881, VA has 8 homes for sale to choose from. The inventory of homes for sale in 23881, VA between November 2021 and December 2021 increased by 14.3%. Listings spent 83 days on the market in December 2021, and had a median list price of $329,000 during the same period. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 41.4%, the cost of 3 bedrooms properties went up by 12.5%, prices of 4 bedrooms properties increased by 12.1%, 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: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory increased by 25%, number of 4 bedrooms homes increased by 50%, volume of 5 bedrooms homes went down by 100%. While more than 0 listings in 23881, 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.