$3,088 Closing Credit*
$260,000
960 SqFt
3 Beds
•1 Full Bath
Bernadine Doggett, Listing Office: United Real Estate Richmond
Is 23075, 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, 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
$251,975
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,225(+5.1%)
Key Takeaway
Homes in 23075 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 23075 was $251,975 in November 2024, up 5.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175.5K | $220K | +25.4% |
| 3 Bedrooms | $235K | $250K | +6.4% |
| 4 Bedrooms | $278.7K | $340K | +22.0% |
| 5+ Bedrooms | $313.5K | $327.5K | +4.5% |
Summary: 23075 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 25.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in 23075, VA
How many homes are available in 23075, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 41 | +20.6% |
Summary: The 23075 real estate market had 41 homes for sale in November 2024, a 20.6% increase 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 | 1 | +100.0% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 23075 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 increased by 100%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were 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. 40% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 23075 in November 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 8 Days | -65.3% |
Summary: Homes in 23075 had an average of 8 days on market in Nov 2024, down by 65.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were 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 November 2024, 10 homes were sold in 23075; 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.
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