Is 23120, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23120 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23120 has remained a Seller's Market.

Key Takeaway

23120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23120, VA cost?

Median Sold Price

$479,975

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$72,187(+17.7%)

Key Takeaway

Homes in 23120 have sold for 17.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $260K$389K
+49.6%
3 $332K$371.6K
+11.9%
4 $407K$475K
+16.7%
5+ $467.2K$559.3K
+19.7%

Median Sold Price Compared To Nearby Zip Codes

23002
+18.7%
23120
+17.7%
23832
+15.4%
23112
+11.8%
23838
+11.3%

How many homes are available in 23120, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
123101-17.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 1914
-26.3%
4 3832
-15.8%
5+ 6655
-16.7%

Number of Homes Sold

Nov 2021Dec 2021%
2620-23.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23120, you could pay more than the asking price. 55% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
44 Days20 Days-53.5%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23120 are selling fast, if you're buying plan to act quickly.

About 23120, VA

23120, VA has 101 homes for sale to choose from. Between November 2021 and December 2021, 23120, VA real estate market has seen decrease in the number of listings by 17.9%. In December 2021 median list price was $479,975 and the average listing age was 20 days. Real estate listing prices changed between November 2021 and December 2021: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 49.6%, 3 bedrooms properties prices increased by 11.9%, 4 bedrooms properties became 16.7% more expensive, the cost of 5 bedrooms properties went up by 19.7%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory decreased by 26.3%, volume of 4 bedrooms homes went down by 15.8%, number of 5 bedrooms homes decreased by 16.7%. In December 2021, from all listings sold in 23120, VA there were more than 11 sold above asking price, over 4 sold below and more than 5 were sold right at the asked price.