Is 23038, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23038 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 23038 was a Seller's Market.

Key Takeaway

23038 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 23038, VA cost?

Median Sold Price

$514,975

$241/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$184,975(+56.1%)

Key Takeaway

Homes in 23038 have sold for 56.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 $390K$514.9K
+32.0%
4 $330K-
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

23038
+56.1%
23027
+25.6%

How many homes are available in 23038, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
1215+25.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 710
+42.9%
4 32
-33.3%
5+ 23
+50.0%

Number of Homes Sold

Nov 2021Dec 2021%
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23038, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
11 Days25 Days+120.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23038 are selling fast, if you're buying plan to act quickly.

About 23038, VA

There are 15 homes are for sale in 23038, VA real estate market. The number of homes for sale in 23038, VA increased by 25% between November 2021 and December 2021. In December 2021 median list price was $514,975 and the average listing age was 25 days. From December 2020 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went up by 32%, 4 bedrooms properties became 0% more expensive, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory increased by 42.9%, number of 4 bedrooms homes decreased by 33.3%, 5 bedrooms homes became 50% more available. In December 2021 more than 0 listings in 23038, VA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below.