$6,947 Closing Credit*
$585,000
3,300 SqFt
5 Beds
•3 Full Baths, 1 Partial
#10563511, Lacey Whitaker, Listing Office: RE/MAX Peninsula
Is 23168, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 23168 has remained a Buyer's Market.
Key Takeaway
23168 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 23168, VA
How much do homes in 23168, VA cost?
Median Sold Price
$494,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$56,000(+12.8%)
Key Takeaway
Homes in 23168 have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in 23168 was $494,000 in December 2024, up 12.8% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $209K | - | N/A |
| 3 Bedrooms | $378.5K | $360.9K | -4.7% |
| 4 Bedrooms | $473.5K | $500K | +5.6% |
| 5+ Bedrooms | $521.5K | $543.7K | +4.3% |
Summary: 23168 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Zip Codes
| 23168 | $438K | $494K | +12.8% |
| 23188 | $492.5K | $521K | +5.8% |
Housing Supply in 23168, VA
How many homes are available in 23168, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 49 | 41 | -16.3% |
Summary: The 23168 real estate market had 41 homes for sale in December 2024, a 16.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 23168 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 5 | -72.2% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23168, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 23168 in December 2024, down by 72.2% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 23168, VA
How long does it take to sell a home in 23168, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 67 Days | 22 Days | -66.9% |
Summary: Homes in 23168 had an average of 22 days on market in Dec 2024, down by 66.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23168 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in 23168; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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