Is 23114, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 23114 has remained a Seller's Market.
Housing Prices in 23114, VA
How much do homes in 23114, VA cost?
Median Sold Price
$425,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 23114 was $425,000 in March 2024, up 6.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $183K | $180K | -1.6% |
2 Bedrooms | $292.5K | $300K | +2.6% |
3 Bedrooms | $350.5K | $365K | +4.1% |
4 Bedrooms | $420K | $450K | +7.1% |
5+ Bedrooms | $525K | $550K | +4.8% |
Summary: 23114 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 23114, VA
How many homes are available in 23114, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 82 | +15.5% |
Summary: The 23114 real estate market had 82 homes for sale in March 2024, a 15.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 25 | 27 | +8.0% |
4 Bedrooms | 22 | 30 | +36.4% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 23114 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 increased by 13.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 20 | +53.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 23114 in March 2024, up by 53.8% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 23114, VA
How long does it take to sell a home in 23114, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
10 Days | 12 Days | +25.5% |
Summary: Homes in 23114 had an average of 12 days on market in Mar 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 23114; 90% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.