Is 23063, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23063 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 23063 was a Seller's Market.

Key Takeaway

23063 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23063, VA

How much do homes in 23063, VA cost?

Median Sold Price

$557,925

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$170,925(+44.2%)

Key Takeaway

Homes in 23063 have sold for 44.2% more than they did a year ago.

Summary: The median home sold price in 23063 was $557,925 in October 2024, up 44.2% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $220K$263.7K
+19.9%
3 $352.5K$404K
+14.6%
4 $580K$638.7K
+10.1%
5+ $696.1K$665K
-4.5%

Summary: 23063 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 increased by 19.9%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 4.5%.

Median Sold Price Compared To Nearby Zip Codes

23063
+44.2%
23065
+20.6%
23102
+14.7%
23153
+6.3%

Housing Supply in 23063, VA

How many homes are available in 23063, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3847+23.7%

Summary: The 23063 real estate market had 47 homes for sale in October 2024, a 23.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 119
-18.2%
4 1523
+53.3%
5+ 1013
+30.0%

Summary: The 23063 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 18.2%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23063, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 23063 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 23063, VA

How long does it take to sell a home in 23063, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days27 Days-24.2%

Summary: Homes in 23063 had an average of 27 days on market in Oct 2024, down by 24.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 23063 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 23063; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

Newest Listings in 23063, VA

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