Is 23103, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23103 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23103 has remained a Seller's Market.

Key Takeaway

23103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23103, VA cost?

Median Sold Price

$707,358

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$119,858(+20.4%)

Key Takeaway

Homes in 23103 have sold for 20.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $110K-
N/A
2 -$562K
N/A
3 $523K$613.8K
+17.4%
4 $604.9K$727.7K
+20.3%
5+ $824.5K$895.5K
+8.6%

Median Sold Price Compared To Nearby Zip Codes

23103
+20.4%
23233
+16.2%
23146
+15.8%

How many homes are available in 23103, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
3326-21.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 1913
-31.6%
4 99
0.0%
5+ 54
-20.0%

Number of Homes Sold

Nov 2021Dec 2021%
95-44.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23103, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
44 Days29 Days-33.6%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23103 are selling fast, if you're buying plan to act quickly.

About 23103, VA

There are 26 homes are for sale in 23103, VA real estate market. The number of homes for sale in 23103, VA decreased by 21.2% between November 2021 and December 2021. Listings spent 29 days on the market in December 2021, and had a median list price of $707,358 during the same period. Real estate listing prices changed between November 2021 and December 2021: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 17.4%, 4 bedrooms properties prices increased by 20.3%, the cost of 5 bedrooms properties went up by 8.6%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes went down by 31.6%, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes went down by 20%. Over 3 listings were sold over their listed price in December 2021 in 23103, VA. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price.