Is 23181, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23181 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 23181 was a Seller's Market.

Key Takeaway

23181 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23181, VA

How much do homes in 23181, VA cost?

Median Sold Price

$300,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$12,500(-4.0%)

Key Takeaway

Homes in 23181 have sold for 4% less than they did a year ago.

Summary: The median home sold price in 23181 was $300,000 in October 2024, down 4% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $184.8K$210K
+13.6%
3 $301K$295K
-2.0%
4 $359K$365K
+1.7%
5+ $442.5K$429.9K
-2.8%

Summary: 23181 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 13.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 2.8%.

Housing Supply in 23181, VA

How many homes are available in 23181, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3547+34.3%

Summary: The 23181 real estate market had 47 homes for sale in October 2024, a 34.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 2025
+25.0%
4 1318
+38.5%
5+ 12
+100.0%

Summary: The 23181 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23181, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 23181 in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 23181, VA

How long does it take to sell a home in 23181, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days46 Days+23.7%

Summary: Homes in 23181 had an average of 46 days on market in Oct 2024, up by 23.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Avg time on Rocket Homes in 23181 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 23181; 25% of homes were sold within 30 days, 75% 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 23 Days Ago

Newest Listings in 23181, VA

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