Is 23083, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23083 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 23083 was a Seller's Market.

Key Takeaway

23083 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23083, VA

How much do homes in 23083, VA cost?

Median Sold Price

$475,000

$212/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$142,500(+42.9%)

Key Takeaway

Homes in 23083 have sold for 42.9% more than they did a month ago.

Summary: The median home sold price in 23083 was $475,000 in October 2024, up 42.9% from last month, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $325K$475K
+46.2%
4 --
N/A
5+ $525K-
N/A

Summary: 23083 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 increased by 46.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 23083, VA

How many homes are available in 23083, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
109-10.0%

Summary: The 23083 real estate market had 9 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 65
-16.7%
4 34
+33.3%
5+ 10
-100.0%

Summary: The 23083 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 decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

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 23083, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 23083 in October 2024, down by 75.0% 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 23083, VA

How long does it take to sell a home in 23083, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
15 Days70 Days+366.7%

Summary: Homes in 23083 had an average of 70 days on market in Oct 2024, up by 366.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 23083 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 23083; 0% of homes were sold within 30 days, 100% 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 23083, VA

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