$5,996 Closing Credit*
$504,950
2,367 SqFt
4 Beds
•2 Full Baths, 1 Partial
Sally Holt, Listing Office: South / West Realtors
Is 23237, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 23237 has remained a Seller's Market.
Key Takeaway
23237 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23237, VA
How much do homes in 23237, VA cost?
Median Sold Price
$323,006
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,006(+9.9%)
Key Takeaway
Homes in 23237 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 23237 was $323,006 in October 2024, up 9.9% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $205K | $210K | +2.4% |
| 3 Bedrooms | $280K | $309.9K | +10.7% |
| 4 Bedrooms | $321K | $370K | +15.3% |
| 5+ Bedrooms | $401K | $390K | -2.7% |
Summary: 23237 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in 23237, VA
How many homes are available in 23237, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 84 | 81 | -3.6% |
Summary: The 23237 real estate market had 81 homes for sale in October 2024, a 3.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 55 | 51 | -7.3% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 23237 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 remained the same, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23237, you could pay more than the asking price. 65% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 23237 in October 2024, up by 10.5% month-over-month. Of the 20 sold homes, 25% were sold under asking, 10% were sold at asking, and 65% were sold over asking.
Days on Market for 23237, VA
How long does it take to sell a home in 23237, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 15 Days | +28.3% |
Summary: Homes in 23237 had an average of 15 days on market in Oct 2024, up by 28.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23237 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 23237; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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