Is 23235, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23235 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 23235 has remained a Seller's Market.

Key Takeaway

23235 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23235, VA

How much do homes in 23235, VA cost?

Median Sold Price

$410,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,250(+8.3%)

Key Takeaway

Homes in 23235 have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in 23235 was $410,000 in October 2024, up 8.3% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K$169.5K
+2.7%
2 $270K$295.1K
+9.3%
3 $348K$380K
+9.2%
4 $400K$441.5K
+10.4%
5+ $538.6K$500K
-7.2%

Summary: 23235 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

23225
+13.9%
23235
+8.3%
23226
+8.3%
23236
+6.7%
23224
+6.5%

Housing Supply in 23235, VA

How many homes are available in 23235, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
138143+3.6%

Summary: The 23235 real estate market had 143 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1210
-16.7%
3 6266
+6.5%
4 4853
+10.4%
5+ 1412
-14.3%

Summary: The 23235 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 decreased by 16.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3842+10.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23235, you could pay more than the asking price. 55% of homes here sold above asking price last month.

Summary: A total of 42 homes were sold or pending in 23235 in October 2024, up by 10.5% month-over-month. Of the 40 sold homes, 20% were sold under asking, 25% were sold at asking, and 55% were sold over asking.

Days on Market for 23235, VA

How long does it take to sell a home in 23235, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days30 Days+68.2%

Summary: Homes in 23235 had an average of 30 days on market in Oct 2024, up by 68.2% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23235 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 42 homes were sold in 23235; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% 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 23235, VA

Nearby Markets to 23235, VA