$4,274 Closing Credit*
$359,950
1,377 SqFt
3 Beds
•2 Full Baths
Mark Adams, Listing Office: EXP Realty LLC
Is 23229, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 23229 has remained a Seller's Market.
Key Takeaway
23229 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23229, VA
How much do homes in 23229, VA cost?
Median Sold Price
$491,250
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$36,581(+8.0%)
Key Takeaway
Homes in 23229 have sold for 8% more than they did a year ago.
Summary: The median home sold price in 23229 was $491,250 in December 2024, up 8% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $199.5K | N/A |
| 2 Bedrooms | $386K | $373K | -3.4% |
| 3 Bedrooms | $395K | $397.5K | +0.6% |
| 4 Bedrooms | $535K | $580K | +8.4% |
| 5+ Bedrooms | $1.0M | $1.2M | +24.4% |
Summary: 23229 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Zip Codes
| 23229 | $454.6K | $491.2K | +8.0% |
| 23226 | $556K | $596K | +7.2% |
| 23294 | $346K | $355K | +2.6% |
| 23238 | $512.9K | $511.2K | -0.3% |
Housing Supply in 23229, VA
How many homes are available in 23229, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 99 | 79 | -20.2% |
Summary: The 23229 real estate market had 79 homes for sale in December 2024, a 20.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 37 | 26 | -29.7% |
| 4 Bedrooms | 37 | 34 | -8.1% |
| 5+ Bedrooms | 18 | 12 | -33.3% |
Summary: The 23229 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 29.7%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 33 | 40 | +21.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23229, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in 23229 in December 2024, up by 21.2% month-over-month. Of the 40 sold homes, 43% were sold under asking, 10% were sold at asking, and 48% were sold over asking.
Days on Market for 23229, VA
How long does it take to sell a home in 23229, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 20 Days | 13 Days | -33.9% |
Summary: Homes in 23229 had an average of 13 days on market in Dec 2024, down by 33.9% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23229 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 40 homes were sold in 23229; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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