Is 23089, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23089 is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, 23089 has remained a Seller's Market.

Key Takeaway

23089 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23089, VA

How much do homes in 23089, VA cost?

Median Sold Price

$370,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$29,900(-7.5%)

Key Takeaway

Homes in 23089 have sold for 7.5% less than they did a year ago.

Summary: The median home sold price in 23089 was $370,000 in September 2024, down 7.5% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$66K
N/A
2 $238K$70K
-70.6%
3 $387.5K$350K
-9.7%
4 $561.2K$576K
+2.6%
5+ $740K$945K
+27.7%

Summary: 23089 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 70.6%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 27.7%.

Median Sold Price Compared To Nearby Zip Codes

23030
+10.2%
23168
+9.8%
23140
+4.1%
23089
-7.5%

Housing Supply in 23089, VA

How many homes are available in 23089, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4648+4.3%

Summary: The 23089 real estate market had 48 homes for sale in September 2024, a 4.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 2225
+13.6%
4 1514
-6.7%
5+ 42
-50.0%

Summary: The 23089 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23089, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 23089 in September 2024, up by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for 23089, VA

How long does it take to sell a home in 23089, VA?

Average Sale Time

Sep 2023Sep 2024CHANGE
10 Days16 Days+58.1%

Summary: Homes in 23089 had an average of 16 days on market in Sep 2024, up by 58.1% compared to last year.

Breakdown of Home Sale Times

8 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

Many homes in 23089 are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 9 homes were sold in 23089; 89% of homes were sold within 30 days, 11% 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 29 Days Ago

Newest Listings in 23089, VA

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