$10,000 Closing Credit*
$1,970,000
6,818 SqFt
5 Beds
•4 Full Baths, 2 Partial
Jess McLaughlin, Listing Office: Long & Foster REALTORS
Is 23103, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 23103 was a Seller's Market.
Key Takeaway
23103 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 23103, VA
How much do homes in 23103, VA cost?
Median Sold Price
$739,478
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$46,351(-5.9%)
Key Takeaway
Homes in 23103 have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in 23103 was $739,478 in October 2024, down 5.9% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $663K | $302.5K | -54.4% |
| 3 Bedrooms | $649.9K | $640K | -1.5% |
| 4 Bedrooms | $844.7K | $867K | +2.6% |
| 5+ Bedrooms | $1.0M | $1.0M | +1.8% |
Summary: 23103 housing prices by bedroom type for October 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 increased by 2.6%, and 5+ bedroom homes increased by 1.8%.
Housing Supply in 23103, VA
How many homes are available in 23103, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 36 | -10.0% |
Summary: The 23103 real estate market had 36 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 23103 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 6.3%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 23103, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 23103 in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 11 Days | -27.9% |
Summary: Homes in 23103 had an average of 11 days on market in Oct 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
4 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 23103 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 23103; 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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