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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23061 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 23061 was a Buyer's Market.

Key Takeaway

23061 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 23061, VA

How much do homes in 23061, VA cost?

Median Sold Price

$357,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,500(+7.0%)

Key Takeaway

Homes in 23061 have sold for 7% more than they did a year ago.

Summary: The median home sold price in 23061 was $357,000 in November 2024, up 7% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $167.5K$248.5K
+48.4%
2 $255K$330K
+29.4%
3 $324.2K$352.4K
+8.7%
4 $462.5K$494.9K
+7.0%
5+ $440K$790K
+79.5%

Summary: 23061 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.4%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 79.5%.

Median Sold Price Compared To Nearby Zip Codes

23071
+7.1%
23061
+7.0%

Housing Supply in 23061, VA

How many homes are available in 23061, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
180156-13.3%

Summary: The 23061 real estate market had 156 homes for sale in November 2024, a 13.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 2116
-23.8%
3 109103
-5.5%
4 4030
-25.0%
5+ 73
-57.1%

Summary: The 23061 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 23.8%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 57.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5125-51.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 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. 46.2% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 23061 in November 2024, down by 51.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% 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

Nov 2023Nov 2024CHANGE
37 Days56 Days+51.1%

Summary: Homes in 23061 had an average of 56 days on market in Nov 2024, up by 51.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 23061 has remained consistent over time.

Summary: During November 2024, 25 homes were sold in 23061; 24% of homes were sold within 30 days, 56% 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 17 Days Ago

Newest Listings in 23061, VA

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