$3,562 Closing Credit*
$299,950
1,328 SqFt
3 Beds
•1 Full Bath
Mike Hogan, Listing Office: The Hogan Group Real Estate
Is 23047, 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, 23047 has remained a Seller's Market.
Key Takeaway
23047 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23047, VA
How much do homes in 23047, VA cost?
Median Sold Price
$457,500
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$105,500(+30.0%)
Key Takeaway
Homes in 23047 have sold for 30% more than they did a year ago.
Summary: The median home sold price in 23047 was $457,500 in November 2024, up 30% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $188.8K | $275K | +45.6% |
| 3 Bedrooms | $352K | $370K | +5.1% |
| 4 Bedrooms | $400K | $482K | +20.5% |
| 5+ Bedrooms | $799.9K | $855K | +6.9% |
Summary: 23047 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.6%, 3 bedroom homes increased by 5.1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The 23047 real estate market had 9 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 23047 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23047, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 23047 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 24 Days | +1.0% |
Summary: Homes in 23047 had an average of 24 days on market in Nov 2024, up by 1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 November 2024, 2 homes were sold in 23047; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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