$2,731 Closing Credit*
$229,990
874 SqFt
2 Beds
•1 Full Bath
Will Hymes, Listing Office: Monroe Properties
Is 23231, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 23231 was a Seller's Market.
Key Takeaway
23231 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 23231, VA
How much do homes in 23231, VA cost?
Median Sold Price
$330,416
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,621(+8.4%)
Key Takeaway
Homes in 23231 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 23231 was $330,416 in October 2024, up 8.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $279K | +3.3% |
| 2 Bedrooms | $205K | $238K | +16.1% |
| 3 Bedrooms | $287.1K | $310K | +8.0% |
| 4 Bedrooms | $390K | $383.3K | -1.7% |
| 5+ Bedrooms | $443.6K | $465K | +4.8% |
Summary: 23231 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 23231, VA
How many homes are available in 23231, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 158 | 189 | +19.6% |
Summary: The 23231 real estate market had 189 homes for sale in October 2024, a 19.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 32 | 32 | 0.0% |
| 3 Bedrooms | 57 | 70 | +22.8% |
| 4 Bedrooms | 56 | 73 | +30.4% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 23231 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.8%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23231, expect to pay close to the asking price. 46.4% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in 23231 in October 2024, the same as the previous month. Of the 28 sold homes, 21% were sold under asking, 46% were sold at asking, and 32% were sold over asking.
Days on Market for 23231, VA
How long does it take to sell a home in 23231, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 36 Days | +43.4% |
Summary: Homes in 23231 had an average of 36 days on market in Oct 2024, up by 43.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23231 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 23231; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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