$135,000
1.70 Acres
Land
Mike1 Jackson, Listing Office: Michael Marketing Real Estate, Inc.
Is 23071, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 23071 has remained a Buyer's Market.
Key Takeaway
23071 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 23071, VA
How much do homes in 23071, VA cost?
Median Sold Price
$385,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,500(+7.1%)
Key Takeaway
Homes in 23071 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 23071 was $385,000 in November 2024, up 7.1% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $351K | $382.5K | +9.0% |
| 3 Bedrooms | $350K | $420K | +20.0% |
| 4 Bedrooms | $405.9K | $1.0M | +155.0% |
| 5+ Bedrooms | $1.8M | - | N/A |
Summary: 23071 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 155%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 23070 | $420K | $506K | +20.5% |
| 23071 | $359.5K | $385K | +7.1% |
| 23169 | $405K | $369K | -8.9% |
Housing Supply in 23071, VA
How many homes are available in 23071, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 58 | -4.9% |
Summary: The 23071 real estate market had 58 homes for sale in November 2024, a 4.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 46 | 42 | -8.7% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 23071 housing inventory by bedroom type for November 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 8.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23071, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 23071 in November 2024, down by 71.4% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 23071, VA
How long does it take to sell a home in 23071, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 89 Days | +894.4% |
Summary: Homes in 23071 had an average of 89 days on market in Nov 2024, up by 894.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 23071 has remained consistent over time.
Summary: During November 2024, 2 homes were sold in 23071; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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