Is 23061, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23061 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23061 has remained a Seller's Market.

Key Takeaway

23061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23061, VA cost?

Median Sold Price

$285,100

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$10,133(+3.7%)

Key Takeaway

Homes in 23061 have sold for 3.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$141.6K
N/A
2 $276.5K$220K
-20.5%
3 $255K$280K
+9.8%
4 $325K$374.9K
+15.4%
5+ $491.7K$429.5K
-12.6%

Median Sold Price Compared To Nearby Zip Codes

23071
+15.5%
23061
+3.7%

How many homes are available in 23061, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
167151-9.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 20
-100.0%
2 1311
-15.4%
3 10594
-10.5%
4 3232
0.0%
5+ 1514
-6.7%

Number of Homes Sold

Nov 2021Dec 2021%
4448+9.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23061, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
60 Days22 Days-62.8%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23061 are selling fast, if you're buying plan to act quickly.

About 23061, VA

23061, VA has 151 homes for sale to choose from. In December 2021 in 23061, VA there were 9.6% less homes for sale than in November 2021. While the average time on the market in December 2021 was 22 days, the median list price was $285,100. Listing prices have changed in this real estate market between November 2021 and December 2021: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices decreased by 20.5%, prices of 3 bedrooms properties went up by 9.8%, 4 bedrooms properties prices increased by 15.4%, prices of 5 bedrooms properties went down by 12.6%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 100%, the quantity of 2 bedrooms homes went down by 15.4%, 3 bedrooms homes inventory decreased by 10.5%, 4 bedrooms homes inventory did not change, number of 5 bedrooms homes decreased by 6.7%. In December 2021 more than 10 listings in 23061, VA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 9 were sold below.