$2,850 Closing Credit*
$240,000
1,040 SqFt
3 Beds
•1 Full Bath, 1 Partial
Alyssa Devereaux, Listing Office: Compass
Is 23223, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$306,533
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,533(+11.5%)
Key Takeaway
Homes in 23223 have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in 23223 was $306,533 in November 2024, up 11.5% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $150K | -25.0% |
| 2 Bedrooms | $205K | $220K | +7.3% |
| 3 Bedrooms | $274.7K | $305.6K | +11.3% |
| 4 Bedrooms | $347K | $355K | +2.3% |
| 5+ Bedrooms | $395K | $397K | 0.5% |
Summary: 23223 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 23223, VA
How many homes are available in 23223, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 190 | 202 | +6.3% |
Summary: The 23223 real estate market had 202 homes for sale in November 2024, a 6.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 32 | 32 | 0.0% |
| 3 Bedrooms | 119 | 125 | +5.0% |
| 4 Bedrooms | 31 | 33 | +6.5% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The 23223 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 remained the same, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23223, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 23223 in November 2024, down by 7.5% month-over-month. Of the 37 sold homes, 46% were sold under asking, 19% were sold at asking, and 35% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 32 Days | +68.1% |
Summary: Homes in 23223 had an average of 32 days on market in Nov 2024, up by 68.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23223 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 37 homes were sold in 23223; 62% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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