$2,553 Closing Credit*
$215,000
1,216 SqFt
3 Beds
•1 Full Bath
Alyssa Devereaux, Listing Office: Compass
Is 23224, 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, 23224 has remained a Seller's Market.
Key Takeaway
23224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23224, VA
How much do homes in 23224, VA cost?
Median Sold Price
$245,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+6.5%)
Key Takeaway
Homes in 23224 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 23224 was $245,000 in November 2024, up 6.5% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191K | $252.5K | +32.2% |
| 2 Bedrooms | $194.5K | $200K | +2.8% |
| 3 Bedrooms | $240K | $260K | +8.3% |
| 4 Bedrooms | $264.5K | $310K | +17.2% |
| 5+ Bedrooms | $374.9K | $299K | -20.3% |
Summary: 23224 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.2%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 20.3%.
Housing Supply in 23224, VA
How many homes are available in 23224, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 107 | +1.9% |
Summary: The 23224 real estate market had 107 homes for sale in November 2024, a 1.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 21 | 17 | -19.0% |
| 3 Bedrooms | 60 | 64 | +6.7% |
| 4 Bedrooms | 22 | 24 | +9.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 23224 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 18 | -35.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23224, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in 23224 in November 2024, down by 35.7% month-over-month. Of the 17 sold homes, 18% were sold under asking, 53% were sold at asking, and 29% were sold over asking.
Days on Market for 23224, VA
How long does it take to sell a home in 23224, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 30 Days | +92.3% |
Summary: Homes in 23224 had an average of 30 days on market in Nov 2024, up by 92.3% compared to last year.
Breakdown of Home Sale Times
9 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 23224 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 23224; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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