$3,177 Closing Credit*
$267,500
1,092 SqFt
3 Beds
•2 Full Baths
Ann Smith, Listing Office: Valentine Properties
Is 23002, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 23002 has remained a Seller's Market.
Key Takeaway
23002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23002, VA
How much do homes in 23002, VA cost?
Median Sold Price
$334,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+9.5%)
Key Takeaway
Homes in 23002 have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in 23002 was $334,000 in October 2024, up 9.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $249K | $191.5K | -23.1% |
| 3 Bedrooms | $276K | $333K | +20.7% |
| 4 Bedrooms | $477.5K | $520K | +8.9% |
| 5+ Bedrooms | $488K | $289.9K | -40.6% |
Summary: 23002 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 40.6%.
Housing Supply in 23002, VA
How many homes are available in 23002, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 47 | +2.2% |
Summary: The 23002 real estate market had 47 homes for sale in October 2024, a 2.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 32 | 28 | -12.5% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 23002 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23002, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 23002 in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for 23002, VA
How long does it take to sell a home in 23002, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 44 Days | +22.0% |
Summary: Homes in 23002 had an average of 44 days on market in Oct 2024, up by 22% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23002 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 23002; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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