$6,471 Closing Credit*
$544,950
2,030 SqFt
3 Beds
•2 Full Baths
April Lane, Listing Office: KW Metro Center
Is 23047, 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, 23047 was a Seller's Market.
Key Takeaway
23047 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 23047, VA
How much do homes in 23047, VA cost?
Median Sold Price
$440,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$153,000(+53.3%)
Key Takeaway
Homes in 23047 have sold for 53.3% more than they did a year ago.
Summary: The median home sold price in 23047 was $440,000 in October 2024, up 53.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $188.8K | - | N/A |
| 3 Bedrooms | $287K | $402.5K | +40.2% |
| 4 Bedrooms | $400K | $482K | +20.5% |
| 5+ Bedrooms | $799.9K | $855K | +6.9% |
Summary: 23047 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 did not change, 3 bedroom homes increased by 40.2%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in 23047, VA
How many homes are available in 23047, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The 23047 real estate market had 11 homes for sale in October 2024, a 57.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 23047 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 23047, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 23047 in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 23047, VA
How long does it take to sell a home in 23047, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 6 Days | -86.6% |
Summary: Homes in 23047 had an average of 6 days on market in Oct 2024, down by 86.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23047 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 23047; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved