$5,641 Closing Credit*
$475,000
2,240 SqFt
4 Beds
•2 Full Baths, 1 Partial
Kyle Taylor, Listing Office: River City Elite Properties
Is 23120, 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, 23120 has remained a Seller's Market.
Key Takeaway
23120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23120, VA
How much do homes in 23120, VA cost?
Median Sold Price
$580,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,475(+0.8%)
Key Takeaway
Homes in 23120 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 23120 was $580,000 in October 2024, up 0.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $575.3K | +125.6% |
| 3 Bedrooms | $418.4K | $441K | +5.4% |
| 4 Bedrooms | $575K | $625K | +8.7% |
| 5+ Bedrooms | $680.4K | $677K | -0.5% |
Summary: 23120 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 125.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 0.5%.
Housing Supply in 23120, VA
How many homes are available in 23120, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 167 | 172 | +3.0% |
Summary: The 23120 real estate market had 172 homes for sale in October 2024, a 3.0% increase 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 | 11 | 9 | -18.2% |
| 3 Bedrooms | 52 | 60 | +15.4% |
| 4 Bedrooms | 75 | 73 | -2.7% |
| 5+ Bedrooms | 29 | 30 | +3.4% |
Summary: The 23120 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 18.2%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23120, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 23120 in October 2024, down by 6.5% month-over-month. Of the 29 sold homes, 48% were sold under asking, 24% were sold at asking, and 28% were sold over asking.
Days on Market for 23120, VA
How long does it take to sell a home in 23120, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 36 Days | +50.0% |
Summary: Homes in 23120 had an average of 36 days on market in Oct 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23120 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 23120; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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