Is 23056, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23056 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 23056 has remained a Seller's Market.

Key Takeaway

23056 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23056, VA

How much do homes in 23056, VA cost?

Median Sold Price

$379,950

$237/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$179,950(+90.0%)

Key Takeaway

Homes in 23056 have sold for 90% more than they did a month ago.

Summary: The median home sold price in 23056 was $379,950 in October 2024, up 90% from last month, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$470K
N/A
3 $200K$289.9K
+45.0%
4 --
N/A
5+ --
N/A

Summary: 23056 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 45%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23056
+90.0%
23109
-15.1%

Housing Supply in 23056, VA

How many homes are available in 23056, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
64-33.3%

Summary: The 23056 real estate market had 4 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 31
-66.7%
4 00
0.0%
5+ 22
0.0%

Summary: The 23056 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 remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23056, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 23056 in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 23056, VA

How long does it take to sell a home in 23056, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
168 Days46 Days-72.4%

Summary: Homes in 23056 had an average of 46 days on market in Oct 2024, down by 72.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23056 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 23056; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

Newest Listings in 23056, VA

Nearby Markets to 23056, VA