$5,581 Closing Credit*
$470,000
2,267 SqFt
4 Beds
•3 Full Baths
Mark Adams, Listing Office: EXP Realty LLC
Is 23114, 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, 23114 has remained a Seller's Market.
Key Takeaway
23114 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23114, VA
How much do homes in 23114, VA cost?
Median Sold Price
$441,006
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,863(+4.0%)
Key Takeaway
Homes in 23114 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 23114 was $441,006 in November 2024, up 4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $180K | 0.0% |
| 2 Bedrooms | $312.2K | $306K | -2.0% |
| 3 Bedrooms | $400K | $424.9K | +6.2% |
| 4 Bedrooms | $435K | $457.3K | +5.1% |
| 5+ Bedrooms | $544K | $600.5K | +10.4% |
Summary: 23114 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 2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in 23114, VA
How many homes are available in 23114, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 71 | -17.4% |
Summary: The 23114 real estate market had 71 homes for sale in November 2024, a 17.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 36 | 30 | -16.7% |
| 4 Bedrooms | 24 | 20 | -16.7% |
| 5+ Bedrooms | 14 | 8 | -42.9% |
Summary: The 23114 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 14 | -53.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23114, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 23114 in November 2024, down by 53.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.
Days on Market for 23114, VA
How long does it take to sell a home in 23114, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 16 Days | -36.4% |
Summary: Homes in 23114 had an average of 16 days on market in Nov 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23114 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 23114; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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