$3,741 Closing Credit*
$315,000
1,964 SqFt
5 Beds
•2 Full Baths
Heather Rager, Listing Office: Linchpin Real Estate Group LLC
Is 23075, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 23075 has remained a Seller's Market.
Key Takeaway
23075 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23075, VA
How much do homes in 23075, VA cost?
Median Sold Price
$250,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+6.4%)
Key Takeaway
Homes in 23075 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 23075 was $250,000 in October 2024, up 6.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $171K | $220K | +28.7% |
| 3 Bedrooms | $233.5K | $249.2K | +6.7% |
| 4 Bedrooms | $277K | $325K | +17.3% |
| 5+ Bedrooms | $313.5K | $335K | +6.9% |
Summary: 23075 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 28.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in 23075, VA
How many homes are available in 23075, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 37 | +12.1% |
Summary: The 23075 real estate market had 37 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 27 | 29 | +7.4% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 23075 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 increased by 7.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23075, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 23075 in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for 23075, VA
How long does it take to sell a home in 23075, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 15 Days | +3.6% |
Summary: Homes in 23075 had an average of 15 days on market in Oct 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23075 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 23075; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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