Is 23146, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23146 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 23146 has remained a Seller's Market.

Key Takeaway

23146 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23146, VA

How much do homes in 23146, VA cost?

Median Sold Price

$626,278

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$63,278(+11.2%)

Key Takeaway

Homes in 23146 have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in 23146 was $626,278 in October 2024, up 11.2% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$345K
N/A
2 $240K$888.1K
+270.1%
3 $510K$624.9K
+22.5%
4 $565K$552.5K
-2.2%
5+ $825K$851.2K
+3.2%

Summary: 23146 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 270.1%, 3 bedroom homes increased by 22.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Zip Codes

23102
+14.7%
23146
+11.2%
23233
+6.8%
23192
+1.5%
23103
-5.9%

Housing Supply in 23146, VA

How many homes are available in 23146, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
29290.0%

Summary: The 23146 real estate market had 29 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 910
+11.1%
4 1413
-7.1%
5+ 55
0.0%

Summary: The 23146 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23146, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 23146 in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.

Days on Market for 23146, VA

How long does it take to sell a home in 23146, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
65 Days38 Days-40.4%

Summary: Homes in 23146 had an average of 38 days on market in Oct 2024, down by 40.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23146 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 23146; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 14 Days Ago

Newest Listings in 23146, VA

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