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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23072 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23072 has remained a Seller's Market.

Key Takeaway

23072 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23072, VA cost?

Median Sold Price

$289,200

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$26,700(+10.2%)

Key Takeaway

Homes in 23072 have sold for 10.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $65K$70K
+7.7%
2 $168.7K$205K
+21.5%
3 $248.4K$278K
+11.9%
4 $330K$370K
+12.1%
5+ $409K$2.0M
+389.0%

How many homes are available in 23072, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
115105-8.7%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 51
-80.0%
2 2924
-17.2%
3 5956
-5.1%
4 2018
-10.0%
5+ 26
+200.0%

Number of Homes Sold

Nov 2021Dec 2021%
2328+21.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23072, expect to pay close to the asking price. 63.6% of homes here sold near the asking price last month.

Average Sale Time

Dec 2020Dec 2021%
93 Days27 Days-71.1%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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.

About 23072, VA

23072, VA has 105 homes for sale to choose from. The number of listings in 23072, VA decreased by 8.7% between November 2021 and December 2021. Listings spent 27 days on the market in December 2021, and had a median list price of $289,200 during the same period. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 7.7%, 2 bedrooms properties became 21.5% more expensive, the cost of 3 bedrooms properties went up by 11.9%, prices of 4 bedrooms properties increased by 12.1%, 5 bedrooms properties prices increased by 389%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 80%, 2 bedrooms homes inventory decreased by 17.2%, volume of 3 bedrooms homes went down by 5.1%, number of 4 bedrooms homes decreased by 10%, 5 bedrooms homes inventory increased by 200%. While more than 3 listings in 23072, VA in December 2021 were sold above asking price, there were more than 7 listings sold at asking price, and more than 1 were sold below.