Is 23109, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23109 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 23109 was a Neutral Market.

Key Takeaway

23109 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23109, VA

How much do homes in 23109, VA cost?

Median Sold Price

$651,000

$196/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$53,500(+9.0%)

Key Takeaway

Homes in 23109 have sold for 9% more than they did a month ago.

Summary: The median home sold price in 23109 was $651,000 in February 2024, up 9% from last month, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 -$150K
N/A
4 $597.5K$740.5K
+23.9%
5+ --
N/A

Summary: 23109 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23025
+287.6%
23109
+9.0%

Housing Supply in 23109, VA

How many homes are available in 23109, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1923+21.1%

Summary: The 23109 real estate market had 23 homes for sale in February 2024, a 21.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 48
+100.0%
4 86
-25.0%
5+ 56
+20.0%

Summary: The 23109 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23109, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 23109 in February 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 23109, VA

How long does it take to sell a home in 23109, VA?

Average Sale Time

Jan 2024Feb 2024CHANGE
144 Days81 Days-43.5%

Summary: Homes in 23109 had an average of 81 days on market in Feb 2024, down by 43.5% compared to last month.

Breakdown of Home Sale Times

2 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 23109 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 3 homes were sold in 23109; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 28 Days Ago

Newest Listings in 23109, VA

Nearby Markets to 23109, VA