$5,344 Closing Credit*
$450,000
1,616 SqFt
3 Beds
•2 Full Baths
Skyler Allen, Listing Office: Hometown Realty
Is 23116, 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, 23116 has remained a Seller's Market.
Key Takeaway
23116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23116, VA
How much do homes in 23116, VA cost?
Median Sold Price
$515,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+6.2%)
Key Takeaway
Homes in 23116 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 23116 was $515,000 in November 2024, up 6.2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $342.5K | $395K | +15.3% |
| 3 Bedrooms | $392.5K | $410K | +4.5% |
| 4 Bedrooms | $510K | $545K | +6.9% |
| 5+ Bedrooms | $605K | $649.9K | +7.4% |
Summary: 23116 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 15.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 7.4%.
Housing Supply in 23116, VA
How many homes are available in 23116, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 155 | 128 | -17.4% |
Summary: The 23116 real estate market had 128 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 57 | 44 | -22.8% |
| 4 Bedrooms | 71 | 64 | -9.9% |
| 5+ Bedrooms | 22 | 15 | -31.8% |
Summary: The 23116 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 22.8%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes decreased by 31.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 30 | -36.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23116, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 23116 in November 2024, down by 36.2% month-over-month. Of the 30 sold homes, 23% were sold under asking, 37% were sold at asking, and 40% were sold over asking.
Days on Market for 23116, VA
How long does it take to sell a home in 23116, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 26 Days | -1.5% |
Summary: Homes in 23116 had an average of 26 days on market in Nov 2024, down by 1.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23116 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in 23116; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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