Is 23103, 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, 23103 was a Neutral Market.
Key Takeaway
23103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23103, VA
How much do homes in 23103, VA cost?
Median Sold Price
$790,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 23103 have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in 23103 was $790,000 in March 2024, up 12.8% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $526.6K | $450K | -14.6% |
| 3 Bedrooms | $551.1K | $668K | +21.2% |
| 4 Bedrooms | $834.8K | $816K | -2.3% |
| 5+ Bedrooms | $860K | $1.2M | +40.1% |
Summary: 23103 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 21.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 40.1%.
Housing Supply in 23103, VA
How many homes are available in 23103, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Summary: The 23103 real estate market had 39 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 23103 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23103, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 23103 in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 23103, VA
How long does it take to sell a home in 23103, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 22 Days | +42.4% |
Summary: Homes in 23103 had an average of 22 days on market in Mar 2024, up by 42.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23103 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 23103; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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