$4,513 Closing Credit*
$380,000
1,346 SqFt
3 Beds
•2 Full Baths
Deanne Butler, Listing Office: Hometown Realty
Is 23005, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 23005 was a Seller's Market.
Key Takeaway
23005 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 23005, VA
How much do homes in 23005, VA cost?
Median Sold Price
$515,711
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,211(+5.8%)
Key Takeaway
Homes in 23005 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 23005 was $515,711 in October 2024, up 5.8% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $255K | +6.3% |
| 2 Bedrooms | $238K | $279.7K | +17.5% |
| 3 Bedrooms | $368.2K | $400K | +8.6% |
| 4 Bedrooms | $687.5K | $617.5K | -10.2% |
| 5+ Bedrooms | $776K | $720K | -7.2% |
Summary: 23005 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 7.2%.
Housing Supply in 23005, VA
How many homes are available in 23005, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 151 | 167 | +10.6% |
Summary: The 23005 real estate market had 167 homes for sale in October 2024, a 10.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 30 | 37 | +23.3% |
| 3 Bedrooms | 60 | 63 | +5.0% |
| 4 Bedrooms | 41 | 44 | +7.3% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The 23005 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 23.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23005, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 23005 in October 2024, the same as the previous month. Of the 17 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% were sold over asking.
Days on Market for 23005, VA
How long does it take to sell a home in 23005, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 63 Days | -14.6% |
Summary: Homes in 23005 had an average of 63 days on market in Oct 2024, down by 14.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23005 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in 23005; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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