Is 23009, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23009 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 23009 was a Buyer's Market.

Key Takeaway

23009 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23009, VA

How much do homes in 23009, VA cost?

Median Sold Price

$364,975

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$29,975(+8.9%)

Key Takeaway

Homes in 23009 have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in 23009 was $364,975 in December 2024, up 8.9% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $330.7K$280K
-15.3%
3 $329.9K$357K
+8.2%
4 $384.2K$415K
+8.0%
5+ $390K$457.5K
+17.3%

Summary: 23009 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 17.3%.

Housing Supply in 23009, VA

How many homes are available in 23009, VA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7984+6.3%

Summary: The 23009 real estate market had 84 homes for sale in December 2024, a 6.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 33
0.0%
3 4044
+10.0%
4 2523
-8.0%
5+ 1114
+27.3%

Summary: The 23009 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1115+36.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23009, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 23009 in December 2024, up by 36.4% month-over-month. Of the 15 sold homes, 20% were sold under asking, 33% were sold at asking, and 47% were sold over asking.

Days on Market for 23009, VA

How long does it take to sell a home in 23009, VA?

Average Sale Time

Dec 2023Dec 2024CHANGE
12 Days60 Days+387.1%

Summary: Homes in 23009 had an average of 60 days on market in Dec 2024, up by 387.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23009 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 15 homes were sold in 23009; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in 23009, VA

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