Is 23005, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23005 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23005 has remained a Seller's Market.

Key Takeaway

23005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23005, VA cost?

Median Sold Price

$364,500

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

-$500(-0.1%)

Key Takeaway

The sold price of homes in 23005 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$253.2K
N/A
2 $171.1K$200.5K
+17.2%
3 $287K$315K
+9.8%
4 $417.9K$457.4K
+9.5%
5+ $449.9K$529.9K
+17.8%

Median Sold Price Compared To Nearby Zip Codes

23116
+12.1%
23059
+10.5%
23005
-0.1%
23069
-4.4%

How many homes are available in 23005, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
10987-20.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 10
-100.0%
2 32
-33.3%
3 4531
-31.1%
4 4035
-12.5%
5+ 2019
-5.0%

Number of Homes Sold

Nov 2021Dec 2021%
3518-48.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23005, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
39 Days17 Days-55.2%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23005 are selling fast, if you're buying plan to act quickly.

About 23005, VA

Number of homes for sale in 23005, VA real estate market have reached 87. The inventory of homes for sale in 23005, VA between November 2021 and December 2021 decreased by 20.2%. In December 2021 median list price was $364,500 and the average listing age was 17 days. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 17.2%, prices of 3 bedrooms properties went up by 9.8%, prices of 4 bedrooms properties went up by 9.5%, prices of 5 bedrooms properties increased by 17.8%. Volume of homes for sale changed: the quantity of 1 bedroom homes went down by 100%, number of 2 bedrooms homes decreased by 33.3%, 3 bedrooms homes inventory decreased by 31.1%, volume of 4 bedrooms homes went down by 12.5%, volume of 5 bedrooms homes went down by 5%. In December 2021, from all listings sold in 23005, VA there were more than 10 sold above asking price, over 2 sold below and more than 6 were sold right at the asked price.