Is 23114, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23114 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23114 has remained a Seller's Market.

Key Takeaway

23114 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23114, VA cost?

Median Sold Price

$360,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$51,900(+16.8%)

Key Takeaway

Homes in 23114 have sold for 16.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $140.2K$157.5K
+12.3%
2 $233.5K$255K
+9.2%
3 $257.5K$301.2K
+17.0%
4 $327.7K$380K
+16.0%
5+ $420K$465K
+10.7%

Median Sold Price Compared To Nearby Zip Codes

23113
+18.5%
23114
+16.8%
23112
+11.8%
23236
+11.3%

How many homes are available in 23114, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
5329-45.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 22
0.0%
2 63
-50.0%
3 177
-58.8%
4 2013
-35.0%
5+ 84
-50.0%

Number of Homes Sold

Nov 2021Dec 2021%
3312-63.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23114, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
19 Days7 Days-62.3%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23114 are selling fast, if you're buying plan to act quickly.

About 23114, VA

There are 29 homes are for sale in 23114, VA real estate market. The inventory of homes for sale in 23114, VA between November 2021 and December 2021 decreased by 45.3%. While the average time on the market in December 2021 was 7 days, the median list price was $360,000. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 12.3%, prices of 2 bedrooms properties increased by 9.2%, prices of 3 bedrooms properties went up by 17%, prices of 4 bedrooms properties went up by 16%, prices of 5 bedrooms properties went up by 10.7%. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory decreased by 50%, volume of 3 bedrooms homes went down by 58.8%, number of 4 bedrooms homes decreased by 35%, 5 bedrooms homes inventory decreased by 50%. While more than 7 listings in 23114, VA in December 2021 were sold above asking price, there were more than 3 listings sold at asking price, and more than 2 were sold below.