$8,312 Closing Credit*
$699,990
2,735 SqFt
4 Beds
•3 Full Baths
Frank Cava, Listing Office: United Real Estate Richmond
Is 23226, 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, 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
$586,650
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,650(+5.7%)
Key Takeaway
Homes in 23226 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 23226 was $586,650 in November 2024, up 5.7% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202K | $255.5K | +26.5% |
| 2 Bedrooms | $358.2K | $400K | +11.6% |
| 3 Bedrooms | $510K | $517K | +1.4% |
| 4 Bedrooms | $580K | $651.2K | +12.3% |
| 5+ Bedrooms | $1.5M | $1.5M | +5.1% |
Summary: 23226 housing prices by bedroom type for November 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 1.4%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Zip Codes
| 23230 | $401.7K | $475K | +18.2% |
| 23221 | $575K | $626K | +8.9% |
| 23226 | $555K | $586.6K | +5.7% |
| 23229 | $465K | $467.3K | 0.5% |
Housing Supply in 23226, VA
How many homes are available in 23226, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 69 | -22.5% |
Summary: The 23226 real estate market had 69 homes for sale in November 2024, a 22.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 35 | 26 | -25.7% |
| 4 Bedrooms | 35 | 29 | -17.1% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 23226 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 44.4%, 3 bedroom homes decreased by 25.7%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 24 | -27.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23226, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 23226 in November 2024, down by 27.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 13% were sold at asking, and 54% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 17 Days | -6.1% |
Summary: Homes in 23226 had an average of 17 days on market in Nov 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23226 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in 23226; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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