$5,688 Closing Credit*
$479,000
1,980 SqFt
3 Beds
•2 Full Baths
Camille Robinson, Listing Office: Long & Foster REALTORS
Is 23223, 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, 23223 has remained a Seller's Market.
Key Takeaway
23223 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23223, VA
How much do homes in 23223, VA cost?
Median Sold Price
$295,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,666(+4.1%)
Key Takeaway
Homes in 23223 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 23223 was $295,000 in October 2024, up 4.1% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.4K | $150K | -1.6% |
| 2 Bedrooms | $207.5K | $220K | +6.0% |
| 3 Bedrooms | $275.3K | $300K | +9.0% |
| 4 Bedrooms | $350K | $350.5K | 0.1% |
| 5+ Bedrooms | $407.5K | $402.5K | -1.2% |
Summary: 23223 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in 23223, VA
How many homes are available in 23223, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 182 | 200 | +9.9% |
Summary: The 23223 real estate market had 200 homes for sale in October 2024, a 9.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 29 | 34 | +17.2% |
| 3 Bedrooms | 111 | 123 | +10.8% |
| 4 Bedrooms | 30 | 33 | +10.0% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 23223 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 17.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 39 | -13.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23223, you could pay more than the asking price. 48.7% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in 23223 in October 2024, down by 13.3% month-over-month. Of the 39 sold homes, 31% were sold under asking, 21% were sold at asking, and 49% were sold over asking.
Days on Market for 23223, VA
How long does it take to sell a home in 23223, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 23 Days | -12.5% |
Summary: Homes in 23223 had an average of 23 days on market in Oct 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23223 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 39 homes were sold in 23223; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.