Is 23192, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23192 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 23192 has remained a Buyer's Market.

Key Takeaway

23192 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23192, VA

How much do homes in 23192, VA cost?

Median Sold Price

$475,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$500(-0.1%)

Key Takeaway

The sold price of homes in 23192 has remained the same since last year.

Summary: The median home sold price in 23192 was $475,000 in November 2024, down 0.1% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $60K$167.5K
+179.2%
2 $239K$304.6K
+27.5%
3 $369.9K$395K
+6.8%
4 $600K$649.9K
+8.3%
5+ $677.3K$587.1K
-13.3%

Summary: 23192 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 179.2%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 13.3%.

Median Sold Price Compared To Nearby Zip Codes

23047
+30.0%
23015
+25.7%
23146
+11.0%
23024
+8.7%
23192
-0.1%

Housing Supply in 23192, VA

How many homes are available in 23192, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3343+30.3%

Summary: The 23192 real estate market had 43 homes for sale in November 2024, a 30.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 69
+50.0%
4 1622
+37.5%
5+ 99
0.0%

Summary: The 23192 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 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23192, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 23192 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for 23192, VA

How long does it take to sell a home in 23192, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
5 Days75 Days+1405.0%

Summary: Homes in 23192 had an average of 75 days on market in Nov 2024, up by 1405% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23192 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 23192; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 23192, VA

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