$8,431 Closing Credit*
$710,000
2,464 SqFt
3 Beds
•2 Full Baths, 1 Partial
James Nay, Listing Office: River City Elite Properties
Is 23221, 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, 23221 has remained a Seller's Market.
Key Takeaway
23221 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23221, VA
How much do homes in 23221, VA cost?
Median Sold Price
$615,000
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+7.0%)
Key Takeaway
Homes in 23221 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 23221 was $615,000 in October 2024, up 7% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $263K | $270K | +2.7% |
| 2 Bedrooms | $305K | $332.5K | +9.0% |
| 3 Bedrooms | $550.5K | $670K | +21.7% |
| 4 Bedrooms | $905K | $855K | -5.5% |
| 5+ Bedrooms | $1.2M | $1.0M | -17.2% |
Summary: 23221 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 17.2%.
Housing Supply in 23221, VA
How many homes are available in 23221, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 55 | +19.6% |
Summary: The 23221 real estate market had 55 homes for sale in October 2024, a 19.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The 23221 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 12.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 24 | +140.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23221, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 23221 in October 2024, up by 140.0% month-over-month. Of the 23 sold homes, 39% were sold under asking, 26% were sold at asking, and 35% were sold over asking.
Days on Market for 23221, VA
How long does it take to sell a home in 23221, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 18 Days | +133.1% |
Summary: Homes in 23221 had an average of 18 days on market in Oct 2024, up by 133.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23221 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 23221; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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