Is 23234, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23234 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 23234 has remained a Seller's Market.

Key Takeaway

23234 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23234, VA

How much do homes in 23234, VA cost?

Median Sold Price

$310,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,413(+10.9%)

Key Takeaway

Homes in 23234 have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in 23234 was $310,000 in October 2024, up 10.9% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75.5K$102.5K
+35.8%
2 $205K$210K
+2.4%
3 $265K$300K
+13.2%
4 $328.5K$332K
+1.1%
5+ $395K$403K
+2.0%

Summary: 23234 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.8%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Zip Codes

23234
+10.9%
23237
+9.9%
23231
+8.4%
23832
+6.6%
23224
+6.5%

Housing Supply in 23234, VA

How many homes are available in 23234, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
150161+7.3%

Summary: The 23234 real estate market had 161 homes for sale in October 2024, a 7.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 1823
+27.8%
3 10198
-3.0%
4 2534
+36.0%
5+ 45
+25.0%

Summary: The 23234 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 27.8%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 36%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3245+40.6%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23234, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 23234 in October 2024, up by 40.6% month-over-month. Of the 45 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.

Days on Market for 23234, VA

How long does it take to sell a home in 23234, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days58 Days+370.8%

Summary: Homes in 23234 had an average of 58 days on market in Oct 2024, up by 370.8% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23234 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 45 homes were sold in 23234; 67% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 18% 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 23234, VA

Nearby Markets to 23234, VA