$400,000
1.46 Acres
Land
Freddie Edwards, Listing Office: Metropolitan Real Estate Inc
Is 23063, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 23063 was a Seller's Market.
Key Takeaway
23063 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 23063, VA
How much do homes in 23063, VA cost?
Median Sold Price
$580,925
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$189,425(+48.4%)
Key Takeaway
Homes in 23063 have sold for 48.4% more than they did a year ago.
Summary: The median home sold price in 23063 was $580,925 in December 2024, up 48.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $263.7K | +19.9% |
| 3 Bedrooms | $360.8K | $402K | +11.4% |
| 4 Bedrooms | $580K | $635K | +9.5% |
| 5+ Bedrooms | $699.9K | $696.4K | -0.5% |
Summary: 23063 housing prices by bedroom type for December 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 11.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Zip Codes
| 23063 | $391.5K | $580.9K | +48.4% |
| 23065 | $347.8K | $399.9K | +15.0% |
| 23102 | $505.7K | $550K | +8.7% |
Housing Supply in 23063, VA
How many homes are available in 23063, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 51 | 47 | -7.8% |
Summary: The 23063 real estate market had 47 homes for sale in December 2024, a 7.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The 23063 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23063, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 23063 in December 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 21 Days | 50 Days | +135.3% |
Summary: Homes in 23063 had an average of 50 days on market in Dec 2024, up by 135.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23063 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 7 homes were sold in 23063; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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