Is 23070, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23070 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 23070 has remained a Seller's Market.

Key Takeaway

23070 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23070, VA

How much do homes in 23070, VA cost?

Median Sold Price

$320,000

$217/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$436,000(-57.7%)

Key Takeaway

Homes in 23070 have sold for 57.7% less than they did a month ago.

Summary: The median home sold price in 23070 was $320,000 in October 2024, down 57.7% from last month, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.0M$320K
-69.5%
4 $462K-
N/A
5+ --
N/A

Summary: 23070 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 decreased by 69.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 23070, VA

How many homes are available in 23070, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
108-20.0%

Summary: The 23070 real estate market had 8 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 42
-50.0%
5+ 00
0.0%

Summary: The 23070 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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 23070, 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 23070 in October 2024, down by 33.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 23070, VA

How long does it take to sell a home in 23070, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
60 Days5 Days-90.9%

Summary: Homes in 23070 had an average of 5 days on market in Oct 2024, down by 90.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23070 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 23070; 100% of homes were sold within 30 days, 0% 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 17 Days Ago

Newest Listings in 23070, VA

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