$3,503 Closing Credit*
$295,000
1,561 SqFt
2 Beds
•2 Full Baths
Beth Stafford, Listing Office: Long & Foster REALTORS
Is 23225, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $295K | +123.5% |
| 2 Bedrooms | $294K | $291K | -1.0% |
| 3 Bedrooms | $349.9K | $399.9K | +14.3% |
| 4 Bedrooms | $443K | $465.7K | +5.1% |
| 5+ Bedrooms | $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%.
Housing Supply in 23225, VA
How many homes are available in 23225, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 121 | 129 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 68 | 77 | +13.2% |
| 4 Bedrooms | 29 | 27 | -6.9% |
| 5+ Bedrooms | 5 | 8 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 19 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
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.
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