$6,865 Closing Credit*
$578,120
2,206 SqFt
4 Beds
•3 Full Baths, 1 Partial
Kim Tierney, Listing Office: Virginia Colony Realty Inc
Is 23238, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$514,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,637(+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 $514,000 in November 2024, up 1.3% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $167.4K | +6.0% |
| 2 Bedrooms | $275K | $300K | +9.1% |
| 3 Bedrooms | $384.9K | $415K | +7.8% |
| 4 Bedrooms | $575K | $564.9K | -1.7% |
| 5+ Bedrooms | $820K | $799K | -2.6% |
Summary: 23238 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in 23238, VA
How many homes are available in 23238, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 145 | 126 | -13.1% |
Summary: The 23238 real estate market had 126 homes for sale in November 2024, a 13.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 19 | 16 | -15.8% |
| 3 Bedrooms | 55 | 53 | -3.6% |
| 4 Bedrooms | 50 | 36 | -28.0% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The 23238 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.8%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 28%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 36 | -7.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23238, you could pay more than the asking price. 45.7% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in 23238 in November 2024, down by 7.7% month-over-month. Of the 35 sold homes, 29% were sold under asking, 26% were sold at asking, and 46% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 24 Days | +37.5% |
Summary: Homes in 23238 had an average of 24 days on market in Nov 2024, up by 37.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 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 November 2024, 36 homes were sold in 23238; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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