Is 23089, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 23089 was a Seller's Market.
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
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $66K | -78.0% |
2 Bedrooms | $167.4K | $249K | +48.7% |
3 Bedrooms | $365K | $399.9K | +9.6% |
4 Bedrooms | $561.2K | $542.4K | -3.3% |
5+ Bedrooms | $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 | $270K | $294.9K | +9.2% |
23140 | $515K | $558.2K | +8.4% |
23089 | $400K | $399.9K | 0% |
Housing Supply in 23089, VA
How many homes are available in 23089, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 40 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 1 | 2 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 5 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
14 Days | 46 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
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.