Is 23114, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23114 is a seller's market

Buyer's
Market

Difference Since December 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

$442,224

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$17,224(+4.1%)

Key Takeaway

Homes in 23114 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 23114 was $442,224 in December 2024, up 4.1% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $180K-
N/A
2 $312.7K$306K
-2.2%
3 $396.7K$425K
+7.1%
4 $439.9K$459K
+4.3%
5+ $544K$599.9K
+10.3%

Summary: 23114 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Zip Codes

23113
+9.9%
23236
+5.4%
23114
+4.1%
23112
+3.5%

Housing Supply in 23114, VA

How many homes are available in 23114, VA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7067-4.3%

Summary: The 23114 real estate market had 67 homes for sale in December 2024, a 4.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 1212
0.0%
3 2929
0.0%
4 1917
-10.5%
5+ 87
-12.5%

Summary: The 23114 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1517+13.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23114, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 23114 in December 2024, up by 13.3% month-over-month. Of the 17 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% 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

Dec 2023Dec 2024CHANGE
16 Days19 Days+15.8%

Summary: Homes in 23114 had an average of 19 days on market in Dec 2024, up by 15.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23114 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 17 homes were sold in 23114; 82% of homes were sold within 30 days, 18% 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 6 Days Ago

Newest Listings in 23114, VA

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