Is 23040, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23040 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23040 has remained a Seller's Market.

Key Takeaway

23040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23040, VA cost?

Median Sold Price

$191,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$20,250(+11.9%)

Key Takeaway

Homes in 23040 have sold for 11.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $82.5K$117.5K
+42.4%
3 $177.5K$212.5K
+19.7%
4 $212.9K$138K
-35.2%
5+ $745K$869.9K
+16.8%

Median Sold Price Compared To Nearby Zip Codes

23901
+25.0%
23040
+11.9%

How many homes are available in 23040, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
2522-12.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 52
-60.0%
3 1616
0.0%
4 44
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23040, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
17 Days82 Days+384.7%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23040 are selling fast, if you're buying plan to act quickly.

About 23040, VA

23040, VA has 22 homes for sale to choose from. The inventory of homes for sale in 23040, VA between November 2021 and December 2021 decreased by 12%. The median list price of listings available in December 2021 was $191,000, while the average time on the real estate market was 82 days. Real estate listing prices changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 42.4%, 3 bedrooms properties prices increased by 19.7%, prices of 4 bedrooms properties decreased by 35.2%, prices of 5 bedrooms properties increased by 16.8%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 60%, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes remained the same, the quantity of 5 bedrooms homes have not changed. Over 2 listings were sold over their listed price in December 2021 in 23040, VA. In the same period over 3 listings were sold below the listed price and 0 listings were sold for the listed price.