$4,453 Closing Credit*
$374,999
1,936 SqFt
3 Beds
•2 Full Baths
Marshall Simpson, Listing Office: RE/MAX Advantage Plus
Is 23901, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, 23901 has remained a Seller's Market.
Key Takeaway
23901 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23901, VA
How much do homes in 23901, VA cost?
Median Sold Price
$318,100
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$58,100(+22.3%)
Key Takeaway
Homes in 23901 have sold for 22.3% more than they did a year ago.
Summary: The median home sold price in 23901 was $318,100 in August 2024, up 22.3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $460K | +384.2% |
| 2 Bedrooms | $79K | $100K | +26.6% |
| 3 Bedrooms | $261.5K | $299.9K | +14.7% |
| 4 Bedrooms | $277.5K | $379.9K | +36.9% |
| 5+ Bedrooms | $349.9K | $492K | +40.6% |
Summary: 23901 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 384.2%, 2 bedroom homes increased by 26.6%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 36.9%, and 5+ bedroom homes increased by 40.6%.
Median Sold Price Compared To Nearby Zip Codes
| 23901 | $260K | $318.1K | +22.3% |
| 23960 | $272.4K | $284K | +4.2% |
Housing Supply in 23901, VA
How many homes are available in 23901, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Summary: The 23901 real estate market had 56 homes for sale in August 2024, a 16.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 24 | 29 | +20.8% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 23901 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 23901, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in 23901 in August 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% were sold over asking.
Days on Market for 23901, VA
How long does it take to sell a home in 23901, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 46 Days | 36 Days | -20.6% |
Summary: Homes in 23901 had an average of 36 days on market in Aug 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23901 are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 10 homes were sold in 23901; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved