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 December 2020

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.

How much do homes in 23113, VA cost?

Median Sold Price

$550,567

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$85,851(+18.5%)

Key Takeaway

Homes in 23113 have sold for 18.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $353.2K$217.5K
-38.4%
3 $347.2K$348K
0.2%
4 $435K$515.5K
+18.5%
5+ $550K$700K
+27.3%

Median Sold Price Compared To Nearby Zip Codes

23113
+18.5%
23114
+16.8%
23238
+16.0%
23235
+15.0%
23236
+11.3%

How many homes are available in 23113, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
9969-30.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 32
-33.3%
3 2420
-16.7%
4 4330
-30.2%
5+ 2917
-41.4%

Number of Homes Sold

Nov 2021Dec 2021%
3924-38.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 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. 45.8% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
25 Days18 Days-26.2%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 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.

About 23113, VA

Homes for sale in 23113, VA have reached 69. The inventory of homes for sale in 23113, VA between November 2021 and December 2021 decreased by 30.3%. In December 2021, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $550,567. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went down by 38.4%, 3 bedrooms properties became 0.2% more expensive, 4 bedrooms properties prices increased by 18.5%, prices of 5 bedrooms properties increased by 27.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 33.3%, 3 bedrooms homes inventory decreased by 16.7%, 4 bedrooms homes became 30.2% less available, the quantity of 5 bedrooms homes went down by 41.4%. In December 2021 more than 11 listings in 23113, VA were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 9 were sold below.