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BUYER BRIEFING 23464
23464 Market Analysis

Why now is a smart time to buy in 23464, VA.

This is a strong seller's market with a Market Action index of 65.87 and only 1 month of inventory — but rising supply and slowing prices may give you a brief window of relative leverage.

Median Price

Midpoint listing price across the market. The single most important benchmark for understanding overall market value and tracking price trends over time.
Market Data
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Data supplied by Altos
Days on Market
40 days
Total Inventory
57 homes
Median List Price
$460K
Price Per Sq Ft
$242

Top Signals

Four Data Points
Days on Market
40 days
Median SF homes are going under contract in just 14 days, but mean DOM has fallen from 52 days in Jan to 40 days now — down 22.7% in 6 months. This acceleration signals urgency: homes that look right won't last. Act decisively when you find your target.
Total Inventory
57 homes
Active SF listings rose from a low of 37 in Apr to 57 now — up +53.7% in 3 months and +32.3% YoY. More homes are hitting the market, giving you more options to compare. This is your best shot at selection before demand absorbs the new supply heading into fall.
Median List Price
$460K
Median SF list price has held flat at $460K for 3 straight months, down from $488K in Feb — a -5.7% pullback from the winter peak. Sellers have moderated expectations, meaning you can negotiate closer to ask without overpaying relative to where the market was just months ago.
Price Per Sq Ft
$242
Median SF price per sq ft was $241.67 in Jun, up from $231.19 in Jan (+4.5% in 6mo) and +5.3% YoY from $229.55. The per-foot cost is rising steadily — locking in now protects you from paying more per square foot as demand continues pushing values upward through the year.
What This Means

A brief window before the fall rush

Inventory just hit a 12-month high and prices pulled back from their peak — giving you rare leverage in an otherwise tight market. With only 1 month of supply and 14-day median contract times, this window won't last. Get pre-approved and move now.

Honest Caveats

Market Action sits at 65.87 — well above the 30-point seller's market threshold — and absorbed listings (14.5) now exceed new listings (14.7), meaning demand is keeping pace with supply. Don't mistake more options for a buyer's market; competition remains real.

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Barry Jenkins
Real Estate Agent
Barry@yourfriendlyagent.net (757) 654-5059
Source: July 2025 - July 2026 Market Data
Updated July 17, 2026