Is 23112, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 23112 has remained a Seller's Market.
Key Takeaway
23112 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23112, VA
How much do homes in 23112, VA cost?
Median Sold Price
$424,881
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 23112 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 23112 was $424,881 in April 2024, up 6.2% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.4K | $259.6K | +11.7% |
| 2 Bedrooms | $322K | $321.8K | 0% |
| 3 Bedrooms | $335.4K | $362.2K | +8.0% |
| 4 Bedrooms | $425K | $450K | +5.9% |
| 5+ Bedrooms | $551K | $572K | +3.8% |
Summary: 23112 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 23112, VA
How many homes are available in 23112, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 308 | 357 | +15.9% |
Summary: The 23112 real estate market had 357 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 12 | +50.0% |
| 2 Bedrooms | 56 | 65 | +16.1% |
| 3 Bedrooms | 104 | 117 | +12.5% |
| 4 Bedrooms | 92 | 115 | +25.0% |
| 5+ Bedrooms | 48 | 48 | 0.0% |
Summary: The 23112 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 89 | +18.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23112, you could pay more than the asking price. 59.6% of homes here sold above asking price last month.
Summary: A total of 89 homes were sold or pending in 23112 in April 2024, up by 18.7% month-over-month. Of the 89 sold homes, 15% were sold under asking, 26% were sold at asking, and 60% were sold over asking.
Days on Market for 23112, VA
How long does it take to sell a home in 23112, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 18 Days | +23.9% |
Summary: Homes in 23112 had an average of 18 days on market in Apr 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23112 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 89 homes were sold in 23112; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved