$9,356 Closing Credit*
$787,900
3,275 SqFt
4 Beds
•3 Full Baths
Kaitlyn Gwaltney, 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 November 2023
Since last year, 23005 has remained a Seller's Market.
Key Takeaway
23005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23005, VA
How much do homes in 23005, VA cost?
Median Sold Price
$500,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,395(+3.4%)
Key Takeaway
Homes in 23005 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 23005 was $500,000 in November 2024, up 3.4% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $259.9K | +8.3% |
| 2 Bedrooms | $238.5K | $299.9K | +25.8% |
| 3 Bedrooms | $375K | $400.2K | +6.7% |
| 4 Bedrooms | $674.9K | $631.2K | -6.5% |
| 5+ Bedrooms | $780K | $705K | -9.6% |
Summary: 23005 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in 23005, VA
How many homes are available in 23005, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 161 | 164 | +1.9% |
Summary: The 23005 real estate market had 164 homes for sale in November 2024, a 1.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 37 | 42 | +13.5% |
| 3 Bedrooms | 58 | 55 | -5.2% |
| 4 Bedrooms | 43 | 45 | +4.7% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The 23005 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 13.5%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 29 | +45.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23005, expect to pay close to the asking price. 44.8% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in 23005 in November 2024, up by 45.0% month-over-month. Of the 29 sold homes, 24% were sold under asking, 45% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 46 Days | +12.8% |
Summary: Homes in 23005 had an average of 46 days on market in Nov 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 29 homes were sold in 23005; 66% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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