Is 23072, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 23072 was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $600K | - | N/A |
2 Bedrooms | $195K | $265K | +35.9% |
3 Bedrooms | $300K | $290K | -3.3% |
4 Bedrooms | $399K | $395K | -1.0% |
5+ Bedrooms | $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%.
Housing Supply in 23072, VA
How many homes are available in 23072, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
77 | 98 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 16 | +33.3% |
3 Bedrooms | 40 | 49 | +22.5% |
4 Bedrooms | 20 | 28 | +40.0% |
5+ Bedrooms | 5 | 5 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 11 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
53 Days | 37 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
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.