Is 23169, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23169 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 23169 has remained a Buyer's Market.

Key Takeaway

23169 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23169, VA

How much do homes in 23169, VA cost?

Median Sold Price

$511,250

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$110,250(+27.5%)

Key Takeaway

Homes in 23169 have sold for 27.5% more than they did a year ago.

Summary: The median home sold price in 23169 was $511,250 in October 2024, up 27.5% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$477.5K
N/A
2 $435K$340K
-21.8%
3 $390K$457K
+17.2%
4 $425K$625K
+47.1%
5+ $1.1M$754K
-34.4%

Summary: 23169 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 decreased by 21.8%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes decreased by 34.4%.

Median Sold Price Compared To Nearby Zip Codes

23169
+27.5%
23071
+7.1%
22578
-6.9%

Housing Supply in 23169, VA

How many homes are available in 23169, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
78+14.3%

Summary: The 23169 real estate market had 8 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 55
0.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The 23169 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23169, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 23169 in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 23169, VA

How long does it take to sell a home in 23169, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
78 Days57 Days-26.9%

Summary: Homes in 23169 had an average of 57 days on market in Oct 2024, down by 26.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 23169 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 23169; 0% of homes were sold within 30 days, 100% 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 17 Days Ago

Newest Listings in 23169, VA

Nearby Markets to 23169, VA