Is 23005, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 23005 was a Seller's Market.
Housing Prices in 23005, VA
How much do homes in 23005, VA cost?
Median Sold Price
$500,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 23005 was $500,000 in March 2024, up 12% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239.9K | $244.9K | +2.1% |
2 Bedrooms | $241K | $279.5K | +16.0% |
3 Bedrooms | $348K | $380K | +9.2% |
4 Bedrooms | $585K | $662.4K | +13.2% |
5+ Bedrooms | $740K | $759.5K | +2.6% |
Summary: 23005 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 23005, VA
How many homes are available in 23005, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
118 | 136 | +15.3% |
Summary: The 23005 real estate market had 136 homes for sale in March 2024, a 15.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 43 | 48 | +11.6% |
4 Bedrooms | 39 | 46 | +17.9% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The 23005 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 23005 in March 2024, down by 7.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for 23005, VA
How long does it take to sell a home in 23005, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 31 Days | +1.9% |
Summary: Homes in 23005 had an average of 31 days on market in Mar 2024, up by 1.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 23005; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.