Is 23150, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23150 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 23150 has remained a Seller's Market.

Key Takeaway

23150 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23150, VA

How much do homes in 23150, VA cost?

Median Sold Price

$297,175

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,175(+3.9%)

Key Takeaway

Homes in 23150 have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in 23150 was $297,175 in October 2024, up 3.9% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $190K$219.9K
+15.8%
3 $266.7K$296.5K
+11.2%
4 $315K$343K
+8.9%
5+ $360K$687.5K
+91.0%

Summary: 23150 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 15.8%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 91%.

Median Sold Price Compared To Nearby Zip Codes

23231
+8.4%
23075
+6.4%
23141
+5.2%
23150
+3.9%

Housing Supply in 23150, VA

How many homes are available in 23150, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4553+17.8%

Summary: The 23150 real estate market had 53 homes for sale in October 2024, a 17.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 2326
+13.0%
4 1824
+33.3%
5+ 00
0.0%

Summary: The 23150 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 25%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
910+11.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23150, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 23150 in October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 23150, VA

How long does it take to sell a home in 23150, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days21 Days+242.6%

Summary: Homes in 23150 had an average of 21 days on market in Oct 2024, up by 242.6% compared to last year.

Breakdown of Home Sale Times

7 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 23150 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 23150; 70% of homes were sold within 30 days, 30% 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 4 Days Ago

Newest Listings in 23150, VA

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