$4,513 Closing Credit*
$380,000
1,400 SqFt
3 Beds
•2 Full Baths
Donald Rozell, Listing Office: Hometown Realty
Is 23111, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 23111 has remained a Seller's Market.
Key Takeaway
23111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23111, VA
How much do homes in 23111, VA cost?
Median Sold Price
$392,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,000(+8.9%)
Key Takeaway
Homes in 23111 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 23111 was $392,000 in October 2024, up 8.9% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $355K | $364.9K | +2.8% |
| 3 Bedrooms | $335K | $350.4K | +4.6% |
| 4 Bedrooms | $395K | $447.4K | +13.3% |
| 5+ Bedrooms | $505K | $600K | +18.8% |
Summary: 23111 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 increased by 2.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in 23111, VA
How many homes are available in 23111, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 158 | 157 | -0.6% |
Summary: The 23111 real estate market had 157 homes for sale in October 2024, a 0.6% 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 81 | 75 | -7.4% |
| 4 Bedrooms | 46 | 52 | +13.0% |
| 5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The 23111 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 decreased by 25%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 48 | -4.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23111, you may be able to get a good deal. 35.4% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in 23111 in October 2024, down by 4.0% month-over-month. Of the 48 sold homes, 35% were sold under asking, 29% were sold at asking, and 35% were sold over asking.
Days on Market for 23111, VA
How long does it take to sell a home in 23111, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 21 Days | +90.0% |
Summary: Homes in 23111 had an average of 21 days on market in Oct 2024, up by 90% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23111 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 48 homes were sold in 23111; 83% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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