23851 Housing Market Report January 2025•Franklin County, Virginia

hero building illustration for mobile

Housing Prices in 23851, VA

How much do homes in 23851, 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.
$284,900$155/SqFt
+$54,900
+23.9%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 23851 has increased by 23.9% since last year.

Summary: The median home list price in 23851 was $284,900 in January 2025, up 23.9% from the previous year, and the median price per square foot was $155.

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
23851
+23.9%
23837
+5.4%
23874
-39.2%

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$161K$135K
-16.1%
3$176.9K$245K
+38.5%
4$316.4K$353K
+11.5%
5$396.9K$394K
-0.8%

Summary: 23851 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 decreased by -16.1%. The home price for 3 bedroom homes increased by +38.5%. The home price for 4 bedroom homes increased by +11.5%. The home price for 5 bedroom homes decreased by -0.8%.

Housing supply in 23851, VA

How many homes are available in 23851, 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
113Last MonthJan 2025
1042 months agoDec 2024
+8.7 %
Change MoMDec – Jan

Summary: The 23851 real estate market had 113 homes for sale in Jan 2025, a 8.7 % 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%
289
+12.5%
35159
+15.7%
43232
0.0%
51313
0.0%

Summary: 23851 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 increased by +12.5%. The inventory for 3 bedroom homes increased by +15.7%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 23851, 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 Price1 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in 23851, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 23851 in January 2025, up by 30.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.

Days on Market for 23851, VA

How long does it take to sell a home in 23851, VA?

Breakdown of Home Sale Times

Under 30 Days7 Homes

30 – 90 Days6 Homes

Over 90 Days4 Homes

Insight

Many homes in 23851 are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 17 homes were sold in 23851; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% 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
100 DaysThis YearJan 2025
166 Days1 year agoJan 2024
-39.4 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 23851 had an average listing age of 100 days in Jan 2025, down by 39.4% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in 23851, VA

What homes are available in 23851, VA?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Virginia

MLS Disclaimers and Copyright

Based on information from Real Estate Information Network, 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.

Real estate listings held by brokerage firms other than this broker are marked by the REIN symbol; detailed information about such listings includes the names of listing brokers.

REIN's listings Data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of Data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW.

Users of this Site are granted a limited, nonexclusive license to use the Site and its listing content for personal and noncommercial use only. Information is deemed reliable but not guaranteed. REIN has no control over the conditions under which broker member or any of the respective agents, employees, customers, clients, contractors or representatives use the sold listings information and does not and cannot warrant, and expressly disclaims any warranty with respect to, the accuracy or completeness of the sold listings information or performance or results that may be obtained by their use. You should not base any important financial decisions on this sold listings information, without independently, verifying such information, or consulting with a professional real estate broker for assistance.

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: 2/5/2025, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.