Is 23071, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23071 is a buyer's market

Buyer's
Market

Difference Since December 2020

At the same time last year, 23071 was a Seller's Market.

Key Takeaway

23071 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 23071, VA cost?

Median Sold Price

$335,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$45,000(+15.5%)

Key Takeaway

Homes in 23071 have sold for 15.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $212K$198.5K
-6.4%
3 $251.5K$319.5K
+27.0%
4 $687.5K$599K
-12.9%
5+ -$1.0M
N/A

Median Sold Price Compared To Nearby Zip Codes

23169
+28.9%
23071
+15.5%

How many homes are available in 23071, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
2921-27.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 109
-10.0%
3 148
-42.9%
4 54
-20.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
82-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23071, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
116 Days19 Days-83.7%

Breakdown of Home Sale Times

1 Home Was 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 23071 are selling fast, if you're buying plan to act quickly.

About 23071, VA

Homes for sale in 23071, VA have reached 21. The number of listings in 23071, VA decreased by 27.6% between November 2021 and December 2021. While the average time on the market in December 2021 was 19 days, the median list price was $335,000. This housing market listing prices have changed between November 2021 and December 2021: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices decreased by 6.4%, 3 bedrooms properties prices increased by 27%, prices of 4 bedrooms properties decreased by 12.9%, 5 bedrooms properties prices increased by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 10%, the quantity of 3 bedrooms homes went down by 42.9%, volume of 4 bedrooms homes went down by 20%, volume of 5 bedrooms homes stayed the same. In December 2021, from all listings sold in 23071, VA there were more than 0 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.