$6,353 Closing Credit*
$535,000
2,077 SqFt
3 Beds
•2 Full Baths, 1 Partial
Mark Adams, Listing Office: EXP Realty LLC
Is 23238, 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, 23238 has remained a Seller's Market.
Key Takeaway
23238 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23238, VA
How much do homes in 23238, VA cost?
Median Sold Price
$506,250
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,720(+1.3%)
Key Takeaway
Homes in 23238 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 23238 was $506,250 in October 2024, up 1.3% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $166.5K | +5.4% |
| 2 Bedrooms | $275K | $295K | +7.3% |
| 3 Bedrooms | $390K | $412.5K | +5.8% |
| 4 Bedrooms | $575K | $563.2K | -2.0% |
| 5+ Bedrooms | $802.5K | $780K | -2.8% |
Summary: 23238 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in 23238, VA
How many homes are available in 23238, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 124 | 145 | +16.9% |
Summary: The 23238 real estate market had 145 homes for sale in October 2024, a 16.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 48 | 55 | +14.6% |
| 4 Bedrooms | 41 | 49 | +19.5% |
| 5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The 23238 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 37 | +68.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23238, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 23238 in October 2024, up by 68.2% month-over-month. Of the 36 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for 23238, VA
How long does it take to sell a home in 23238, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 26 Days | +68.9% |
Summary: Homes in 23238 had an average of 26 days on market in Oct 2024, up by 68.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23238 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in 23238; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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