Price Cuts High in 23842 Zip Code Real Estate Market

The 23842 zip code market is starting to look more attractive. While sales came in at four homes sold over the last 30 days, price reductions are the highest they've been in three months, with nine reported over the same period. When comparing other close-by zip codes within the same period, the most came from the 23803 zip code with 26 price reductions. However, a three-week downward trend in pending transactions is expected to come to an end over the coming weeks. Prices are rising in the 23842 zip code, and the median sales price this period increased from $176,500 to $196,450. The 23842 zip code is a strong buyer's market with nine months of inventory to choose from, aided by the downturn in contracts.

Looking for a amazing deal on your next home? Take a look at these listings that recently had their prices slashed:

$599K   $299K   $239K  

Get started right now by checking out 23842 homes for sale or reviewing 23842 real estate trends.

Demographic facts for the 23842 zip code:

  • The population has increased 21.1% over the past 10 years.
  • This area has a lifestyle rating of 52. (Scale: 1 = Worst, 100 = Best)
  • The breakdown of residents commuting to work is 89.9% by car, 6.6% by carpool, and 0.1% by public transit.

Data reported through 1/11/2017

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