Is 23072, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23072 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 23072 was a Seller's Market.

Key Takeaway

23072 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23072, VA

How much do homes in 23072, VA cost?

Median Sold Price

$310,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,000(+5.1%)

Key Takeaway

Homes in 23072 have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in 23072 was $310,000 in February 2024, up 5.1% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $600K-
N/A
2 $195K$265K
+35.9%
3 $300K$290K
-3.3%
4 $399K$395K
-1.0%
5+ $442K$396.2K
-10.4%

Summary: 23072 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 increased by 35.9%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 10.4%.

Median Sold Price Compared To Nearby Zip Codes

23061
+10.3%
23692
+7.1%
23072
+5.1%

Housing Supply in 23072, VA

How many homes are available in 23072, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7798+27.3%

Summary: The 23072 real estate market had 98 homes for sale in February 2024, a 27.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1216
+33.3%
3 4049
+22.5%
4 2028
+40.0%
5+ 55
0.0%

Summary: The 23072 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 increased by 33.3%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
211+450.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23072, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 23072 in February 2024, up by 450.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 23072, VA

How long does it take to sell a home in 23072, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
53 Days37 Days-30.7%

Summary: Homes in 23072 had an average of 37 days on market in Feb 2024, down by 30.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23072 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 11 homes were sold in 23072; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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 23072, VA

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