Is 23059, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 23059 has remained a Seller's Market.
Housing Prices in 23059, VA
How much do homes in 23059, VA cost?
Median Sold Price
$603,304
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 23059 was $603,304 in March 2024, up 3.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160.2K | $180.2K | +12.5% |
2 Bedrooms | $320K | $308.5K | -3.6% |
3 Bedrooms | $425.8K | $460K | +8.0% |
4 Bedrooms | $575K | $629.3K | +9.4% |
5+ Bedrooms | $760.9K | $850K | +11.7% |
Summary: 23059 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 11.7%.
Housing Supply in 23059, VA
How many homes are available in 23059, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
141 | 150 | +6.4% |
Summary: The 23059 real estate market had 150 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 1 | -75.0% |
3 Bedrooms | 47 | 57 | +21.3% |
4 Bedrooms | 43 | 48 | +11.6% |
5+ Bedrooms | 46 | 44 | -4.3% |
Summary: The 23059 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 75%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 28 | -9.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 23059 in March 2024, down by 9.7% month-over-month. Of the 28 sold homes, 7% were sold under asking, 11% were sold at asking, and 82% were sold over asking.
Days on Market for 23059, VA
How long does it take to sell a home in 23059, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 16 Days | -25.8% |
Summary: Homes in 23059 had an average of 16 days on market in Mar 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 23059; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.