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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23089 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 23089 was a Seller's Market.

Key Takeaway

23089 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23089, VA

How much do homes in 23089, VA cost?

Median Sold Price

$399,988

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$12(0%)

Key Takeaway

The sold price of homes in 23089 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $300K$66K
-78.0%
2 $167.4K$249K
+48.7%
3 $365K$399.9K
+9.6%
4 $561.2K$542.4K
-3.3%
5+ $730K$945K
+29.5%

Summary: 23089 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78%, 2 bedroom homes increased by 48.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 29.5%.

Median Sold Price Compared To Nearby Zip Codes

23030
+9.2%
23140
+8.4%
23089
0%

Housing Supply in 23089, VA

How many homes are available in 23089, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3440+17.6%

Summary: The 23089 real estate market had 40 homes for sale in March 2024, a 17.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 12
+100.0%
3 1722
+29.4%
4 1414
0.0%
5+ 12
+100.0%

Summary: The 23089 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
65-16.7%

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.

Summary: A total of 5 homes were sold or pending in 23089 in March 2024, down by 16.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 23089, VA

How long does it take to sell a home in 23089, VA?

Average Sale Time

Mar 2023Mar 2024CHANGE
14 Days46 Days+222.8%

Summary: Homes in 23089 had an average of 46 days on market in Mar 2024, up by 222.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 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.

Summary: During March 2024, 5 homes were sold in 23089; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 18 Days Ago

Newest Listings in 23089, VA

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