$200,000
0.94 Acres
Land
#10559935, E.W. Walker, Listing Office: 1st Class RealEstate Integrity
Is 23185, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 23185 was a Buyer's Market.
Key Takeaway
23185 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23185, VA
How much do homes in 23185, VA cost?
Median Sold Price
$498,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$99,005(+24.8%)
Key Takeaway
Homes in 23185 have sold for 24.8% more than they did a year ago.
Summary: The median home sold price in 23185 was $498,500 in October 2024, up 24.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $285K | -74.1% |
| 2 Bedrooms | $298.5K | $227.5K | -23.8% |
| 3 Bedrooms | $371.7K | $409.3K | +10.1% |
| 4 Bedrooms | $511.5K | $707.5K | +38.3% |
| 5+ Bedrooms | $730K | $744.9K | +2.1% |
Summary: 23185 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 74.1%, 2 bedroom homes decreased by 23.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 38.3%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Zip Codes
| 23185 | $399.4K | $498.5K | +24.8% |
| 23188 | $492.5K | $509.5K | +3.5% |
Housing Supply in 23185, VA
How many homes are available in 23185, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 387 | 400 | +3.4% |
Summary: The 23185 real estate market had 400 homes for sale in October 2024, a 3.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 40 | 51 | +27.5% |
| 3 Bedrooms | 179 | 166 | -7.3% |
| 4 Bedrooms | 120 | 139 | +15.8% |
| 5+ Bedrooms | 47 | 42 | -10.6% |
Summary: The 23185 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.5%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 10.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 78 | -1.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23185, you could pay more than the asking price. 44% of homes here sold above asking price last month.
Summary: A total of 78 homes were sold or pending in 23185 in October 2024, down by 1.3% month-over-month. Of the 25 sold homes, 32% were sold under asking, 24% were sold at asking, and 44% were sold over asking.
Days on Market for 23185, VA
How long does it take to sell a home in 23185, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 27 Days | -23.2% |
Summary: Homes in 23185 had an average of 27 days on market in Oct 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23185 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 78 homes were sold in 23185; 65% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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