Is 23024, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23024 is a neutral's market

Buyer's
Market

Difference Since December 2020

At the same time last year, 23024 was a Seller's Market.

Key Takeaway

23024 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 23024, VA cost?

Median Sold Price

$315,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$60,050(+23.6%)

Key Takeaway

Homes in 23024 have sold for 23.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$250K
N/A
2 $183.5K$267.5K
+45.8%
3 $243.5K$294.9K
+21.1%
4 $392.3K$394.3K
0.5%
5+ $1.0M$579.5K
-42.6%

Median Sold Price Compared To Nearby Zip Codes

23024
+23.6%
23117
+20.6%
23192
+14.2%
23015
-2.1%

How many homes are available in 23024, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
6456-12.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 33
0.0%
3 4740
-14.9%
4 1312
-7.7%
5+ 11
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
169-43.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23024, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
21 Days30 Days+43.0%

Breakdown of Home Sale Times

7 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 23024 are selling fast, if you're buying plan to act quickly.

About 23024, VA

There are 56 homes are for sale in 23024, VA real estate market. Between November 2021 and December 2021, 23024, VA real estate market has seen decrease in the number of listings by 12.5%. The median list price of listings available in December 2021 was $315,000, while the average time on the real estate market was 30 days. Real estate listing prices changed between November 2021 and December 2021: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 45.8%, prices of 3 bedrooms properties increased by 21.1%, 4 bedrooms properties became 0.5% more expensive, prices of 5 bedrooms properties decreased by 42.6%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went down by 14.9%, the quantity of 4 bedrooms homes went down by 7.7%, the quantity of 5 bedrooms homes have not changed. While more than 4 listings in 23024, VA in December 2021 were sold above asking price, there were more than 3 listings sold at asking price, and more than 2 were sold below.