Is 23890, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23890 is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 23890 was a Neutral Market.

Key Takeaway

23890 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23890, VA

How much do homes in 23890, VA cost?

Median Sold Price

$169,900

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$9,550(-5.3%)

Key Takeaway

Homes in 23890 have sold for 5.3% less than they did a year ago.

Summary: The median home sold price in 23890 was $169,900 in February 2024, down 5.3% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $155.2K$160K
+3.1%
3 $174.9K$180K
+2.9%
4 $348.7K$223K
-36.1%
5+ $53K$186.5K
+251.9%

Summary: 23890 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 36.1%, and 5+ bedroom homes increased by 251.9%.

Median Sold Price Compared To Nearby Zip Codes

23842
-4.6%
23890
-5.3%

Housing Supply in 23890, VA

How many homes are available in 23890, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2021+5.0%

Summary: The 23890 real estate market had 21 homes for sale in February 2024, a 5.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1011
+10.0%
4 77
0.0%
5+ 00
0.0%

Summary: The 23890 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23890, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 23890 in February 2024, up by 300.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 23890, VA

How long does it take to sell a home in 23890, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
23 Days44 Days+91.8%

Summary: Homes in 23890 had an average of 44 days on market in Feb 2024, up by 91.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were 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 23890 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 4 homes were sold in 23890; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 23890, VA

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