$10,000 Closing Credit*
$1,650,000
5,657 SqFt
6 Beds
•4 Full Baths, 2 Partial
Alex Glazunov, Listing Office: BWI Properties LLC
Is 23103, 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, 23103 has remained a Seller's Market.
Key Takeaway
23103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23103, VA
How much do homes in 23103, VA cost?
Median Sold Price
$719,034
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$77,819(-9.8%)
Key Takeaway
Homes in 23103 have sold for 9.8% less than they did a year ago.
Summary: The median home sold price in 23103 was $719,034 in November 2024, down 9.8% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $663K | $302.5K | -54.4% |
| 3 Bedrooms | $649.9K | $640K | -1.5% |
| 4 Bedrooms | $874.9K | $865.5K | -1.1% |
| 5+ Bedrooms | $1.0M | $1.1M | +6.6% |
Summary: 23103 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 decreased by 54.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in 23103, VA
How many homes are available in 23103, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Summary: The 23103 real estate market had 35 homes for sale in November 2024, a 2.8% decrease 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 23103 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 remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23103, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 23103 in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for 23103, VA
How long does it take to sell a home in 23103, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 17 Days | -71.4% |
Summary: Homes in 23103 had an average of 17 days on market in Nov 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23103 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 23103; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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