Is 23047, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23047 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 23047 has remained a Seller's Market.

Key Takeaway

23047 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23047, VA cost?

Median Sold Price

$425,600

$166/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$74,400(-14.9%)

Key Takeaway

Homes in 23047 have sold for 14.9% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $376K-
N/A
3 -$422.2K
N/A
4 -$269.5K
N/A
5+ $525K$755K
+43.8%

How many homes are available in 23047, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
1413-7.1%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 10
-100.0%
3 45
+25.0%
4 67
+16.7%
5+ 31
-66.7%

Number of Homes Sold

Nov 2021Dec 2021%
36+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23047, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
6 Days73 Days+995.0%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 23047 has remained consistent over time.

About 23047, VA

There are 13 homes are for sale in 23047, VA real estate market. In December 2021 in 23047, VA there were 7.1% less homes for sale than in November 2021. While the average time on the market in December 2021 was 73 days, the median list price was $425,600. Between December 2020 and December 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 0%, the cost of 3 bedrooms properties went up by 0%, the cost of 4 bedrooms properties went up by 0%, the cost of 5 bedrooms properties went up by 43.8%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 100%, number of 3 bedrooms homes increased by 25%, 4 bedrooms homes became 16.7% more available, volume of 5 bedrooms homes went down by 66.7%. 23047, VA housing market in December 2021 saw over 2 listings sold above listed price, more than 2 sold at listed price and over 2 sold below.