Is 23113, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23113 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 23113 has remained a Seller's Market.

Key Takeaway

23113 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23113, VA

How much do homes in 23113, VA cost?

Median Sold Price

$680,625

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$94,125(+16.0%)

Key Takeaway

Homes in 23113 have sold for 16% more than they did a year ago.

Summary: The median home sold price in 23113 was $680,625 in March 2024, up 16% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$235K
N/A
2 $275K$251.5K
-8.5%
3 $387.5K$413K
+6.6%
4 $585K$660.2K
+12.9%
5+ $790K$900K
+13.9%

Summary: 23113 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 8.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 13.9%.

Median Sold Price Compared To Nearby Zip Codes

23238
+16.9%
23113
+16.0%
23236
+9.5%
23114
+6.3%
23235
+5.2%

Housing Supply in 23113, VA

How many homes are available in 23113, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8082+2.5%

Summary: The 23113 real estate market had 82 homes for sale in March 2024, a 2.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 2017
-15.0%
4 3034
+13.3%
5+ 2022
+10.0%

Summary: The 23113 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 decreased by 10%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
26260.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23113, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in 23113 in March 2024, the same as the previous month. Of the 26 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.

Days on Market for 23113, VA

How long does it take to sell a home in 23113, VA?

Average Sale Time

Mar 2023Mar 2024CHANGE
6 Days18 Days+207.1%

Summary: Homes in 23113 had an average of 18 days on market in Mar 2024, up by 207.1% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23113 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 26 homes were sold in 23113; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 24 Days Ago

Newest Listings in 23113, VA

Nearby Markets to 23113, VA