$10,000 Closing Credit*
$1,250,000
3,258 SqFt
3 Beds
•3 Full Baths, 1 Partial
Jenny Kramer, Listing Office: Samson Properties
Is 23220, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 23220 has remained a Seller's Market.
Key Takeaway
23220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23220, VA
How much do homes in 23220, VA cost?
Median Sold Price
$447,733
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,733(+1.3%)
Key Takeaway
Homes in 23220 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 23220 was $447,733 in October 2024, up 1.3% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | $235K | +3.3% |
| 2 Bedrooms | $336K | $340K | +1.2% |
| 3 Bedrooms | $499K | $479.5K | -3.9% |
| 4 Bedrooms | $795K | $799.9K | +0.6% |
| 5+ Bedrooms | $1.2M | $1.1M | -4.2% |
Summary: 23220 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Zip Codes
| 23220 | $442K | $447.7K | +1.3% |
| 23219 | $355K | $320.2K | -9.8% |
Housing Supply in 23220, VA
How many homes are available in 23220, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 114 | 116 | +1.8% |
Summary: The 23220 real estate market had 116 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 26 | 33 | +26.9% |
| 3 Bedrooms | 55 | 52 | -5.5% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 23220 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 26.9%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23220, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 23220 in October 2024, up by 23.1% month-over-month. Of the 32 sold homes, 47% were sold under asking, 22% were sold at asking, and 31% were sold over asking.
Days on Market for 23220, VA
How long does it take to sell a home in 23220, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 24 Days | +140.0% |
Summary: Homes in 23220 had an average of 24 days on market in Oct 2024, up by 140% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23220 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in 23220; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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