Is 23093, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23093 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 23093 was a Seller's Market.

Key Takeaway

23093 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23093, VA

How much do homes in 23093, VA cost?

Median Sold Price

$365,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,505(+6.3%)

Key Takeaway

Homes in 23093 have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in 23093 was $365,000 in November 2024, up 6.3% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$150K
N/A
2 $199.9K$246.5K
+23.3%
3 $345K$359.9K
+4.3%
4 $342K$386.6K
+13.0%
5+ $574.9K$635K
+10.5%

Summary: 23093 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 23.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 10.5%.

Median Sold Price Compared To Nearby Zip Codes

23065
+15.0%
23093
+6.3%
23117
+4.8%
22942
-0.3%

Housing Supply in 23093, VA

How many homes are available in 23093, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
110112+1.8%

Summary: The 23093 real estate market had 112 homes for sale in November 2024, a 1.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 117
-36.4%
3 5967
+13.6%
4 3030
0.0%
5+ 107
-30.0%

Summary: The 23093 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2916-44.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23093, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 23093 in November 2024, down by 44.8% month-over-month. Of the 14 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for 23093, VA

How long does it take to sell a home in 23093, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
133 Days29 Days-77.8%

Summary: Homes in 23093 had an average of 29 days on market in Nov 2024, down by 77.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23093 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 16 homes were sold in 23093; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 23093, VA

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