$2,672 Closing Credit*
$225,000
1,098 SqFt
3 Beds
•1 Full Bath
Rocio Espericueta, Listing Office: EXP Realty LLC
Is 23225, 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, 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
$400,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+14.3%)
Key Takeaway
Homes in 23225 have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in 23225 was $400,000 in November 2024, up 14.3% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $295K | +123.5% |
| 2 Bedrooms | $300K | $290K | -3.3% |
| 3 Bedrooms | $350K | $405K | +15.7% |
| 4 Bedrooms | $443K | $465.7K | +5.1% |
| 5+ Bedrooms | $552.5K | $507K | -8.2% |
Summary: 23225 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.5%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 8.2%.
Housing Supply in 23225, VA
How many homes are available in 23225, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 121 | 121 | 0.0% |
Summary: The 23225 real estate market had 121 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 72 | 73 | +1.4% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The 23225 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 increased by 6.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23225, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in 23225 in November 2024, up by 12.5% month-over-month. Of the 36 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 17 Days | +46.5% |
Summary: Homes in 23225 had an average of 17 days on market in Nov 2024, up by 46.5% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23225 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in 23225; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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