Is 23117, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 23117 was a Buyer's Market.
Housing Prices in 23117, VA
How much do homes in 23117, VA cost?
Median Sold Price
$440,275
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 23117 was $440,275 in March 2024, up 15.9% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $249K | +6.0% |
3 Bedrooms | $347.9K | $380K | +9.2% |
4 Bedrooms | $467.4K | $544.7K | +16.5% |
5+ Bedrooms | $1.2M | $1.3M | +7.9% |
Summary: 23117 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 increased by 6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in 23117, VA
How many homes are available in 23117, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
202 | 223 | +10.4% |
Summary: The 23117 real estate market had 223 homes for sale in March 2024, a 10.4% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 127 | 139 | +9.4% |
4 Bedrooms | 48 | 51 | +6.3% |
5+ Bedrooms | 22 | 26 | +18.2% |
Summary: The 23117 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 40%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 41 | +57.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 23117 in March 2024, up by 57.7% month-over-month. Of the 41 sold homes, 44% were sold under asking, 32% were sold at asking, and 24% were sold over asking.
Days on Market for 23117, VA
How long does it take to sell a home in 23117, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 66 Days | +110.1% |
Summary: Homes in 23117 had an average of 66 days on market in Mar 2024, up by 110.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in 23117; 44% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.