$4,571 Closing Credit*
$384,950
2,088 SqFt
4 Beds
•2 Full Baths, 1 Partial
John Thiel, Listing Office: Long & Foster REALTORS
Is 23294, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 23294 has remained a Seller's Market.
Key Takeaway
23294 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23294, VA
How much do homes in 23294, VA cost?
Median Sold Price
$355,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$9,000(+2.6%)
Key Takeaway
Homes in 23294 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 23294 was $355,000 in December 2024, up 2.6% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $289K | -11.1% |
| 3 Bedrooms | $340K | $340K | 0.0% |
| 4 Bedrooms | $357.5K | $405K | +13.3% |
| 5+ Bedrooms | $410K | $482K | +17.6% |
Summary: 23294 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 17.6%.
Housing Supply in 23294, VA
How many homes are available in 23294, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Summary: The 23294 real estate market had 30 homes for sale in December 2024, a 9.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 23294 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23294, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 23294 in December 2024, up by 87.5% month-over-month. Of the 15 sold homes, 40% were sold under asking, 7% were sold at asking, and 53% were sold over asking.
Days on Market for 23294, VA
How long does it take to sell a home in 23294, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 19 Days | 16 Days | -13.4% |
Summary: Homes in 23294 had an average of 16 days on market in Dec 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
13 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 23294 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 15 homes were sold in 23294; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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