Is 23061, 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, 23061 has remained a Seller's Market.
Housing Prices in 23061, VA
How much do homes in 23061, VA cost?
Median Sold Price
$345,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 23061 was $345,000 in March 2024, up 7% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $203.7K | $225.7K | +10.8% |
2 Bedrooms | $284.5K | $293.5K | +3.2% |
3 Bedrooms | $300K | $340K | +13.3% |
4 Bedrooms | $455K | $457.5K | 0.5% |
5+ Bedrooms | $417.5K | $617.5K | +47.9% |
Summary: 23061 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 47.9%.
Median Sold Price Compared To Nearby Zip Codes
23071 | $307.5K | $405.9K | +32.0% |
23128 | $342.5K | $410K | +19.7% |
23061 | $322.4K | $345K | +7.0% |
Housing Supply in 23061, VA
How many homes are available in 23061, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
171 | 194 | +13.5% |
Summary: The 23061 real estate market had 194 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 30 | 27 | -10.0% |
3 Bedrooms | 93 | 110 | +18.3% |
4 Bedrooms | 26 | 34 | +30.8% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 23061 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 40 | +73.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 23061 in March 2024, up by 73.9% month-over-month. Of the 18 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for 23061, VA
How long does it take to sell a home in 23061, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 51 Days | +11.5% |
Summary: Homes in 23061 had an average of 51 days on market in Mar 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in 23061; 43% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.