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 4 Days Ago

Newest Listings in 23234, VA

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