$4,263 Closing Credit*
$359,000
2,228 SqFt
4 Beds
•3 Full Baths
Connie G. Rodriguez, Listing Office: Compass
Is 23229, 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, 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
$466,166
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,283(-1.3%)
Key Takeaway
Homes in 23229 have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in 23229 was $466,166 in October 2024, down 1.3% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $199.5K | +28.7% |
| 2 Bedrooms | $383.5K | $371.7K | -3.1% |
| 3 Bedrooms | $397.5K | $386.5K | -2.8% |
| 4 Bedrooms | $540K | $540K | 0.0% |
| 5+ Bedrooms | $1.0M | $1.2M | +21.3% |
Summary: 23229 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.7%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Zip Codes
| 23226 | $540K | $585K | +8.3% |
| 23294 | $344.9K | $350K | +1.5% |
| 23238 | $499.5K | $506.2K | +1.3% |
| 23229 | $472.4K | $466.1K | -1.3% |
Housing Supply in 23229, VA
How many homes are available in 23229, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 102 | +18.6% |
Summary: The 23229 real estate market had 102 homes for sale in October 2024, a 18.6% 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 | 3 | 6 | +100.0% |
| 3 Bedrooms | 31 | 37 | +19.4% |
| 4 Bedrooms | 36 | 41 | +13.9% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The 23229 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 100%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23229, you could pay more than the asking price. 72% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 23229 in October 2024, down by 7.4% month-over-month. Of the 25 sold homes, 8% were sold under asking, 20% were sold at asking, and 72% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 9 Days | -22.6% |
Summary: Homes in 23229 had an average of 9 days on market in Oct 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 25 homes were sold in 23229; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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