Is 23061, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23061 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 23061 has remained a Seller's Market.

Key Takeaway

23061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23061, VA

How much do homes in 23061, VA cost?

Median Sold Price

$354,900

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,900(+5.9%)

Key Takeaway

Homes in 23061 have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in 23061 was $354,900 in October 2024, up 5.9% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $167.5K$248.5K
+48.4%
2 $282.7K$322.8K
+14.2%
3 $324.9K$350K
+7.7%
4 $462.5K$475K
+2.7%
5+ $425K$744.9K
+75.3%

Summary: 23061 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.4%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 75.3%.

Median Sold Price Compared To Nearby Zip Codes

23071
+7.1%
23061
+5.9%

Housing Supply in 23061, VA

How many homes are available in 23061, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
200188-6.0%

Summary: The 23061 real estate market had 188 homes for sale in October 2024, a 6.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 2322
-4.3%
3 120116
-3.3%
4 4640
-13.0%
5+ 87
-12.5%

Summary: The 23061 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 decreased by 4.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4548+6.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23061, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in 23061 in October 2024, up by 6.7% month-over-month. Of the 23 sold homes, 43% were sold under asking, 26% were sold at asking, and 30% were sold over asking.

Days on Market for 23061, VA

How long does it take to sell a home in 23061, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days56 Days+106.7%

Summary: Homes in 23061 had an average of 56 days on market in Oct 2024, up by 106.7% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23061 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 48 homes were sold in 23061; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 17% 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 23061, VA

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