Is 23086, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23086 is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 23086 was a Neutral Market.

Key Takeaway

23086 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23086, VA

How much do homes in 23086, VA cost?

Median Sold Price

$333,283

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,008(+9.2%)

Key Takeaway

Homes in 23086 have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in 23086 was $333,283 in April 2024, up 9.2% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $181K$250K
+38.1%
3 $289.4K$333.2K
+15.1%
4 $353.4K$323.5K
-8.5%
5+ $510K$375K
-26.5%

Summary: 23086 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 26.5%.

Median Sold Price Compared To Nearby Zip Codes

23086
+9.2%
23181
+5.0%
23124
+1.9%

Housing Supply in 23086, VA

How many homes are available in 23086, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1011+10.0%

Summary: The 23086 real estate market had 11 homes for sale in April 2024, a 10.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 810
+25.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The 23086 housing inventory by bedroom type for April 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 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 23086, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 23086 in April 2024, down by 33.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 23086, VA

How long does it take to sell a home in 23086, VA?

Average Sale Time

Apr 2023Apr 2024CHANGE
3 Days16 Days+450.0%

Summary: Homes in 23086 had an average of 16 days on market in Apr 2024, up by 450% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23086 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in 23086; 100% of homes were sold within 30 days, 0% 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 5 Days Ago

Newest Listings in 23086, VA

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