Is 23111, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23111 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23111 has remained a Seller's Market.

Key Takeaway

23111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23111, VA cost?

Median Sold Price

$303,166

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$28,166(+10.2%)

Key Takeaway

Homes in 23111 have sold for 10.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $349.3K$242.5K
-30.6%
3 $247.5K$270K
+9.1%
4 $306.5K$342.7K
+11.8%
5+ $399.9K$435.9K
+9.0%

Median Sold Price Compared To Nearby Zip Codes

23075
+24.2%
23150
+12.8%
23116
+12.1%
23111
+10.2%

How many homes are available in 23111, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
153117-23.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 75
-28.6%
3 6759
-11.9%
4 5438
-29.6%
5+ 2515
-40.0%

Number of Homes Sold

Nov 2021Dec 2021%
5942-28.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23111, you could pay more than the asking price. 51.2% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
16 Days20 Days+26.0%

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23111 are selling fast, if you're buying plan to act quickly.

About 23111, VA

Homes for sale in 23111, VA have reached 117. Between November 2021 and December 2021, 23111, VA real estate market has seen decrease in the number of listings by 23.5%. Listings spent 20 days on the market in December 2021, and had a median list price of $303,166 during the same period. This housing market listing prices have changed between November 2021 and December 2021: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 30.6%, the cost of 3 bedrooms properties went up by 9.1%, the cost of 4 bedrooms properties went up by 11.8%, the cost of 5 bedrooms properties went up by 9%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 28.6%, 3 bedrooms homes became 11.9% less available, 4 bedrooms homes inventory decreased by 29.6%, 5 bedrooms homes became 40% less available. In December 2021 more than 21 listings in 23111, VA were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 7 were sold below.