Is 23225, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23225 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 23225 has remained a Seller's Market.

Key Takeaway

23225 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23225, VA

How much do homes in 23225, VA cost?

Median Sold Price

$398,500

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$48,600(+13.9%)

Key Takeaway

Homes in 23225 have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in 23225 was $398,500 in October 2024, up 13.9% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $132K$295K
+123.5%
2 $294K$291K
-1.0%
3 $349.9K$399.9K
+14.3%
4 $443K$465.7K
+5.1%
5+ $565K$449.9K
-20.4%

Summary: 23225 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.5%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 20.4%.

Median Sold Price Compared To Nearby Zip Codes

23225
+13.9%
23235
+8.3%
23221
+7.0%
23224
+6.5%
23220
+1.3%

Housing Supply in 23225, VA

How many homes are available in 23225, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
121129+6.6%

Summary: The 23225 real estate market had 129 homes for sale in October 2024, a 6.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1917
-10.5%
3 6877
+13.2%
4 2927
-6.9%
5+ 58
+60.0%

Summary: The 23225 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 10.5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3129-6.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23225, you could pay more than the asking price. 51.7% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in 23225 in October 2024, down by 6.5% month-over-month. Of the 29 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% were sold over asking.

Days on Market for 23225, VA

How long does it take to sell a home in 23225, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days19 Days-37.4%

Summary: Homes in 23225 had an average of 19 days on market in Oct 2024, down by 37.4% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23225 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in 23225; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 23225, VA

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