Is 23089, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23089 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23089 has remained a Seller's Market.

Key Takeaway

23089 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23089, VA cost?

Median Sold Price

$400,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$54,650(+15.8%)

Key Takeaway

Homes in 23089 have sold for 15.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$361.5K
N/A
2 $126K$284K
+125.4%
3 $330K$320K
-3.0%
4 $370K$463K
+25.1%
5+ $399.2K$740K
+85.4%

Median Sold Price Compared To Nearby Zip Codes

23011
+57.8%
23089
+15.8%
23140
+11.7%
23030
+9.8%
23168
-2.5%

How many homes are available in 23089, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
2720-25.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 11
0.0%
2 11
0.0%
3 109
-10.0%
4 128
-33.3%
5+ 31
-66.7%

Number of Homes Sold

Nov 2021Dec 2021%
106-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23089, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
14 Days29 Days+103.4%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23089 are selling fast, if you're buying plan to act quickly.

About 23089, VA

Homes for sale in 23089, VA have reached 20. Between November 2021 and December 2021, 23089, VA real estate market has seen decrease in the number of listings by 25.9%. Listings spent 29 days on the market in December 2021, and had a median list price of $400,000 during the same period. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 125.4%, the cost of 3 bedrooms properties went down by 3%, prices of 4 bedrooms properties increased by 25.1%, 5 bedrooms properties prices increased by 85.4%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 10%, 4 bedrooms homes inventory decreased by 33.3%, 5 bedrooms homes inventory decreased by 66.7%. In December 2021, from all listings sold in 23089, VA there were more than 1 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.