$2,909 Closing Credit*
$245,000
1,053 SqFt
3 Beds
•2 Full Baths
Dave Ludlow, Listing Office: EXP Realty LLC
Is 23224, 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, 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
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 6.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | $250K | +26.6% |
| 2 Bedrooms | $194.5K | $200K | +2.8% |
| 3 Bedrooms | $238K | $260K | +9.2% |
| 4 Bedrooms | $260K | $310K | +19.2% |
| 5+ Bedrooms | $374.9K | $299K | -20.3% |
Summary: 23224 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.6%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 19.2%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 114 | -0.9% |
Summary: The 23224 real estate market had 114 homes for sale in October 2024, a 0.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 66 | 66 | 0.0% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 23224 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 decreased by 4.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23224, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 23224 in October 2024, down by 4.3% month-over-month. Of the 22 sold homes, 41% were sold under asking, 27% were sold at asking, and 32% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 14 Days | +4.2% |
Summary: Homes in 23224 had an average of 14 days on market in Oct 2024, up by 4.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23224 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 23224; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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