Is 23109, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23109 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 23109 was a Seller's Market.

Key Takeaway

23109 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23109, VA

How much do homes in 23109, VA cost?

Median Sold Price

$444,398

$68/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$78,854(-15.1%)

Key Takeaway

Homes in 23109 have sold for 15.1% less than they did a month ago.

Summary: The median home sold price in 23109 was $444,398 in October 2024, down 15.1% from last month, and the median price per square foot was $68.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $140K-
N/A
3 $600K-
N/A
4 --
N/A
5+ -$444.3K
N/A

Summary: 23109 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23119
+165.3%
23056
+90.0%
23109
-15.1%

Housing Supply in 23109, VA

How many homes are available in 23109, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1720+17.6%

Summary: The 23109 real estate market had 20 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 87
-12.5%
4 01
+100.0%
5+ 45
+25.0%

Summary: The 23109 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 increased by 40%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23109, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 23109 in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 23109, VA

How long does it take to sell a home in 23109, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
4 Days15 Days+240.9%

Summary: Homes in 23109 had an average of 15 days on market in Oct 2024, up by 240.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23109 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 23109; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in 23109, VA

Nearby Markets to 23109, VA