Is 23231, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23231 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 23231 has remained a Seller's Market.

Key Takeaway

23231 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23231, VA

How much do homes in 23231, VA cost?

Median Sold Price

$334,200

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,200(+9.6%)

Key Takeaway

Homes in 23231 have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in 23231 was $334,200 in November 2024, up 9.6% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $270K$283.7K
+5.1%
2 $220K$240K
+9.1%
3 $290K$310K
+6.9%
4 $390.5K$389K
-0.4%
5+ $449.9K$451.2K
0.3%

Summary: 23231 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Zip Codes

23231
+9.6%
23836
+8.7%
23150
+8.6%
23075
+5.1%

Housing Supply in 23231, VA

How many homes are available in 23231, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1801800.0%

Summary: The 23231 real estate market had 180 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 2828
0.0%
3 6966
-4.3%
4 6969
0.0%
5+ 1113
+18.2%

Summary: The 23231 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3048+60.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23231, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in 23231 in November 2024, up by 60.0% month-over-month. Of the 48 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% 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

Nov 2023Nov 2024CHANGE
21 Days31 Days+46.7%

Summary: Homes in 23231 had an average of 31 days on market in Nov 2024, up by 46.7% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23231 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 48 homes were sold in 23231; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 23231, VA

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