Is 23141, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23141 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 23141 has remained a Seller's Market.

Key Takeaway

23141 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23141, VA

How much do homes in 23141, VA cost?

Median Sold Price

$411,073

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,473(+5.2%)

Key Takeaway

Homes in 23141 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 23141 was $411,073 in October 2024, up 5.2% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $165K$228.9K
+38.8%
3 $360K$365.5K
+1.5%
4 $419.9K$507K
+20.7%
5+ $487.9K$508K
+4.1%

Summary: 23141 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 38.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

23111
+8.9%
23141
+5.2%
23150
+3.9%
23140
+3.6%
23124
+3.5%

Housing Supply in 23141, VA

How many homes are available in 23141, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4957+16.3%

Summary: The 23141 real estate market had 57 homes for sale in October 2024, a 16.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 44
0.0%
3 2628
+7.7%
4 1418
+28.6%
5+ 56
+20.0%

Summary: The 23141 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
812+50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23141, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 23141 in October 2024, up by 50.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.

Days on Market for 23141, VA

How long does it take to sell a home in 23141, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days16 Days-1.9%

Summary: Homes in 23141 had an average of 16 days on market in Oct 2024, down by 1.9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23141 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 23141; 83% of homes were sold within 30 days, 17% 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 24 Days Ago

Newest Listings in 23141, VA

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