5 hours on Rocket
$4,037 Closing Credit¹
#2512580, Billy Wells, Listing Office: Compass
23111 Housing Market Report April 2025•Hanover County, Virginia
Housing Prices in 23111, VA
How much do homes in 23111, VA cost?
Housing Market Conditions
Is 23111, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
23111 is a Seller's Market
Difference Since April 2024
Since last year, 23111 has remained a Seller's Market.
Insight
23111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$394,250$216/SqFt
+$24,300
+6.6%
Based on all homes sold in the last 12 months
Insight
Homes in 23111 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 23111 was $394,250 in April 2025, up 6.6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedrooms
| Beds | Apr 2024 | Apr 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $515K | N/A |
| 22 Bedrooms | $359.9K | $335K | -6.9% |
| 33 Bedrooms | $340.5K | $355K | +4.3% |
| 44 Bedrooms | $400K | $442.5K | +10.6% |
| 55+ Bedrooms | $525K | $622.5K | +18.6% |
Summary: 23111 housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -6.9%. The home price for 3 bedroom homes increased by +4.3%. The home price for 4 bedroom homes increased by +10.6%. The home price for 5 bedroom homes increased by +18.6%.
How does 23111, VA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
23111, VA
Housing supply in 23111, VA
How many homes are available in 23111, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 157Last MonthApr 2025 | ||
| 1392 months agoMar 2025 | +12.9 % Change MoMMar – Apr |
Summary: The 23111 real estate market had 157 homes for sale in Apr 2025, a 12.9 % increase compared to Mar 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 32Last MonthApr 2025 | ||
| 342 months agoMar 2025 | -5.9 % Change MoMMar – Apr |
Homes For Sale By Bedroom Count
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 5 | +25.0% |
| 33 Bedrooms | 58 | 70 | +20.7% |
| 44 Bedrooms | 62 | 66 | +6.5% |
| 55+ Bedrooms | 15 | 16 | +6.7% |
Summary: 23111 housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes increased by +20.7%. The inventory for 4 bedroom homes increased by +6.5%. The inventory for 5 bedroom homes increased by +6.7%.
Asking Price vs. Sold Price
How much do homes in 23111, VA cost?
Over Asking Price15 Homes
At Asking Price8 Homes
Under Asking Price7 Homes
Insight
If you're buying a home in 23111, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in 23111 in April 2025, down by 5.9% month-over-month. Of the 30 sold homes, 23% were sold under asking, 27% were sold at asking, and and 50% were sold over asking.
Days on Market for 23111, VA
How long does it take to sell a home in 23111, VA?
Breakdown of Home Sale Times
Under 30 Days26 Homes
30 – 90 Days2 Homes
Over 90 Days4 Homes
Insight
Many homes in 23111 are selling fast, if you're buying plan to act quickly.
Summary: During April 2025, 32 homes were sold in 23111; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 26 DaysThis YearApr 2025 | ||
| 10 Days1 year agoApr 2024 | +152.1 % Change YoYApr 2024 – Apr 2025 |
Summary: Homes in 23111 had an average listing age of 26 days in Apr 2025, up by 152.1% compared to the previous year.
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Newest Listings in 23111, VA
What homes are available in 23111, VA?
9 hours on Rocket
$4,097 Closing Credit¹
#2511888, Ryan Lerow, Listing Office: Real Broker LLC
1 day on Rocket
$3,919 Closing Credit¹
#2510363, Daniel Harnsberger, Listing Office: EXP Realty LLC
1 day on Rocket
$4,691 Closing Credit¹
#2511449, Pam Wood, Listing Office: Hometown Realty
2 days on Rocket
#2512424, Larry Zacharias, Listing Office: RE/MAX Commonwealth
5 days on Rocket
$10,000 Closing Credit¹
#2511945, Deane Cheatham, Listing Office: Hometown Realty
6 days on Rocket
$6,828 Closing Credit¹
#2512019, Erik Colley, Listing Office: ERA Woody Hogg & Assoc
6 days on Rocket
$5,878 Closing Credit¹
#2509849, Ollie Chambers, Listing Office: United Real Estate Richmond
7 days on Rocket
$4,976 Closing Credit¹
#2511630, David Martin, Listing Office: Linq Realty LLC
7 days on Rocket
$5,641 Closing Credit¹
#2509528, Mike Scelzo, Listing Office: Hometown Realty
$4,215 Closing Credit¹
#2511404, Anne Moore, Listing Office: Keller Williams Realty
$7,124 Closing Credit¹
#2511103, Cyndi Wyatt Blake, Listing Office: Hometown Realty
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MLS Disclaimers and Copyright
Based on information from Central Virginia Regional MLS, and BrightMLS for the period 05/01/2023 - 05/01/2025
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 ©2025 Central Virginia Regional Multiple Listing Service,LLC. All rights reservedData displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/7/2025, 4:20:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/7/2025, 4:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.