Is 23120, 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, 23120 was a Neutral Market.
Key Takeaway
23120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23120, VA
How much do homes in 23120, VA cost?
Median Sold Price
$577,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 23120 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 23120 was $577,000 in March 2024, up 10.5% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $305K | +69.4% |
| 3 Bedrooms | $395.4K | $423.9K | +7.2% |
| 4 Bedrooms | $533.9K | $581.5K | +8.9% |
| 5+ Bedrooms | $660K | $685K | +3.8% |
Summary: 23120 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 69.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 23120, VA
How many homes are available in 23120, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 87 | 100 | +14.9% |
Summary: The 23120 real estate market had 100 homes for sale in March 2024, a 14.9% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 42 | 53 | +26.2% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The 23120 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 remained the same, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 24 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23120, expect to pay close to the asking price. 45.8% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in 23120 in March 2024, up by 60.0% month-over-month. Of the 24 sold homes, 17% were sold under asking, 46% were sold at asking, and 38% were sold over asking.
Days on Market for 23120, VA
How long does it take to sell a home in 23120, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 49 Days | -12.0% |
Summary: Homes in 23120 had an average of 49 days on market in Mar 2024, down by 12% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23120 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in 23120; 63% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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