$8,253 Closing Credit*
$695,000
1,802 SqFt
3 Beds
•2 Full Baths
Sarah Mumford, Listing Office: Long & Foster REALTORS
Is 23226, 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, 23226 has remained a Seller's Market.
Key Takeaway
23226 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23226, VA
How much do homes in 23226, VA cost?
Median Sold Price
$585,000
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+8.3%)
Key Takeaway
Homes in 23226 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 23226 was $585,000 in October 2024, up 8.3% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202K | $255.5K | +26.5% |
| 2 Bedrooms | $358.2K | $400K | +11.6% |
| 3 Bedrooms | $495K | $516K | +4.2% |
| 4 Bedrooms | $580K | $651.2K | +12.3% |
| 5+ Bedrooms | $1.5M | $1.5M | +3.6% |
Summary: 23226 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.5%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Zip Codes
| 23230 | $387K | $475.4K | +22.8% |
| 23226 | $540K | $585K | +8.3% |
| 23221 | $575K | $615K | +7.0% |
| 23229 | $472.4K | $466.1K | -1.3% |
Housing Supply in 23226, VA
How many homes are available in 23226, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 91 | +15.2% |
Summary: The 23226 real estate market had 91 homes for sale in October 2024, a 15.2% increase 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 | 6 | 9 | +50.0% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 30 | 35 | +16.7% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 23226 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 increased by 50%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 32 | +60.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23226, you could pay more than the asking price. 53.1% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in 23226 in October 2024, up by 60.0% month-over-month. Of the 32 sold homes, 31% were sold under asking, 16% were sold at asking, and 53% were sold over asking.
Days on Market for 23226, VA
How long does it take to sell a home in 23226, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 18 Days | +104.2% |
Summary: Homes in 23226 had an average of 18 days on market in Oct 2024, up by 104.2% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23226 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in 23226; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved