23487 Housing Market Report January 2025•Isle of Wight County, Virginia

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Housing Prices in 23487, VA

How much do homes in 23487, VA cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$352,500$202/SqFt
+$57,500
+19.5%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 23487 has increased by 19.5% since last year.

Summary: The median home list price in 23487 was $352,500 in January 2025, up 19.5% from the previous year, and the median price per square foot was $202.

Median List Price By City

Median List Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
23487
+19.5%
23430
-0.4%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$130K$130K
0.0%
3$219.4K$342.4K
+56.0%
4$352.5K$419.9K
+19.1%
5$658.7K$462.4K
-29.8%

Summary: 23487 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +56.0%. The home price for 4 bedroom homes increased by +19.1%. The home price for 5 bedroom homes decreased by -29.8%.

Housing supply in 23487, VA

How many homes are available in 23487, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
28Last MonthJan 2025
242 months agoDec 2024
+16.7 %
Change MoMDec – Jan

Summary: The 23487 real estate market had 28 homes for sale in Jan 2025, a 16.7 % increase compared to Dec 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
200
0.0%
31417
+21.4%
476
-14.3%
535
+66.7%

Summary: 23487 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +21.4%. The inventory for 4 bedroom homes decreased by -14.3%. The inventory for 5 bedroom homes increased by +66.7%.

Asking Price vs. Sold Price

How much do homes in 23487, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in 23487, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 23487 in January 2025, up by 150.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 23487, VA

How long does it take to sell a home in 23487, VA?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Many homes in 23487 are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 5 homes were sold in 23487; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
135 DaysThis YearJan 2025
210 Days1 year agoJan 2024
-35.4 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 23487 had an average listing age of 135 days in Jan 2025, down by 35.4% compared to the previous year.

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Newest Listings in 23487, VA

What homes are available in 23487, VA?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Real Estate Information Network, and Harrisonburg-Rockingham Association of Realtors MLS for the period 02/01/2023 - 02/01/2025

IDXCopyright © 2025 REIN, Inc - All Rights Reserved. Information Deemed Reliable But Not Guaranteed.

The listing data relating to real estate for sale on this web site comes in part from the Real Estate Information Network Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

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Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.

Some of these listings contain enhanced listing information including mapping from sources such as Google, Bing, Microsoft, Yahoo, WalkScore and others.

Some properties which appear for sale on this website have subsequently sold or may no longer be available. REIN updates its listings on a daily basis.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 5:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker Reciprocity The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of Charlottesville Area Association of REALTORS®, Greater Augusta Association of REALTORS® and Harrisonburg-Rockingham Association of REALTORS®. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Charlottesville Area Association of REALTORS®, Greater Augusta Association of REALTORS® and Harrisonburg-Rockingham Association of REALTORS® does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright © 2025 Charlottesville Area Association of REALTORS®, Greater Augusta Association of REALTORS® and Harrisonburg-Rockingham Association of REALTORS®. 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: 2/11/2025, 5:15:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.