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 November 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

$300,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,850(+8.6%)

Key Takeaway

Homes in 23150 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 23150 was $300,000 in November 2024, up 8.6% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $159.7K$223.5K
+39.9%
3 $265K$298K
+12.5%
4 $310K$343.5K
+10.8%
5+ $360K$687.5K
+91.0%

Summary: 23150 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 39.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 91%.

Median Sold Price Compared To Nearby Zip Codes

23231
+9.6%
23150
+8.6%
23141
+6.7%
23075
+5.1%

Housing Supply in 23150, VA

How many homes are available in 23150, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4956+14.3%

Summary: The 23150 real estate market had 56 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 26
+200.0%
3 2429
+20.8%
4 2321
-8.7%
5+ 00
0.0%

Summary: The 23150 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 increased by 200%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23150, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 23150 in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% 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

Nov 2023Nov 2024CHANGE
24 Days3 Days-86.2%

Summary: Homes in 23150 had an average of 3 days on market in Nov 2024, down by 86.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 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 November 2024, 10 homes were sold in 23150; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in 23150, VA

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