Is 23063, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23063 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 23063 has remained a Buyer's Market.

Key Takeaway

23063 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23063, VA

How much do homes in 23063, VA cost?

Median Sold Price

$395,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,000(+2.6%)

Key Takeaway

Homes in 23063 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 23063 was $395,000 in February 2024, up 2.6% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 -$271K
N/A
3 $358.9K$360.4K
0.4%
4 $590K$600K
+1.7%
5+ $660.6K$724.9K
+9.7%

Summary: 23063 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Zip Codes

23102
+6.5%
23063
+2.6%

Housing Supply in 23063, VA

How many homes are available in 23063, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2326+13.0%

Summary: The 23063 real estate market had 26 homes for sale in February 2024, a 13.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 67
+16.7%
4 1110
-9.1%
5+ 58
+60.0%

Summary: The 23063 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23063, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 23063 in February 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 23063, VA

How long does it take to sell a home in 23063, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
5 Days32 Days+553.3%

Summary: Homes in 23063 had an average of 32 days on market in Feb 2024, up by 553.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23063 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 3 homes were sold in 23063; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 23063, VA

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