$5,451 Closing Credit*
$459,000
2,166 SqFt
4 Beds
•2 Full Baths, 1 Partial
DJ Whiting, Listing Office: Real Broker LLC
Is 23111, 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, 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
$389,500
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,750(+8.0%)
Key Takeaway
Homes in 23111 have sold for 8% more than they did a year ago.
Summary: The median home sold price in 23111 was $389,500 in November 2024, up 8% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $359.4K | $374.9K | +4.3% |
| 3 Bedrooms | $335K | $355K | +6.0% |
| 4 Bedrooms | $400K | $444.4K | +11.1% |
| 5+ Bedrooms | $525K | $630K | +20.0% |
Summary: 23111 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 4.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 20%.
Housing Supply in 23111, VA
How many homes are available in 23111, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 161 | 136 | -15.5% |
Summary: The 23111 real estate market had 136 homes for sale in November 2024, a 15.5% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 77 | 65 | -15.6% |
| 4 Bedrooms | 54 | 47 | -13.0% |
| 5+ Bedrooms | 24 | 18 | -25.0% |
Summary: The 23111 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 15.6%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 37 | -22.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23111, you could pay more than the asking price. 40.5% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in 23111 in November 2024, down by 22.9% month-over-month. Of the 37 sold homes, 30% were sold under asking, 30% were sold at asking, and 41% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 22 Days | -33.8% |
Summary: Homes in 23111 had an average of 22 days on market in Nov 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23111 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 37 homes were sold in 23111; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved