Is 23124, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23124 is a seller's market

Buyer's
Market

Difference Since December 2020

At the same time last year, 23124 was a Buyer's Market.

Key Takeaway

23124 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23124, VA cost?

Median Sold Price

$339,950

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$29,950(+9.7%)

Key Takeaway

Homes in 23124 have sold for 9.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 -$249.5K
N/A
3 $264.9K$305K
+15.1%
4 $345K$345.8K
0.3%
5+ $400.3K$497K
+24.2%

Median Sold Price Compared To Nearby Zip Codes

23086
+13.5%
23141
+12.7%
23140
+11.7%
23124
+9.7%
23181
+8.3%

How many homes are available in 23124, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
5541-25.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 22
0.0%
3 1916
-15.8%
4 3222
-31.3%
5+ 21
-50.0%

Number of Homes Sold

Nov 2021Dec 2021%
15150.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23124, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Average Sale Time

Dec 2020Dec 2021%
23 Days20 Days-14.6%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23124 are selling fast, if you're buying plan to act quickly.

About 23124, VA

Homes for sale in 23124, VA have reached 41. The number of homes for sale in 23124, VA decreased by 25.5% between November 2021 and December 2021. In December 2021 median list price was $339,950 and the average listing age was 20 days. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 0% more expensive, the cost of 3 bedrooms properties went up by 15.1%, prices of 4 bedrooms properties increased by 0.3%, 5 bedrooms properties became 24.2% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes did not move, 3 bedrooms homes became 15.8% less available, volume of 4 bedrooms homes went down by 31.3%, number of 5 bedrooms homes decreased by 50%. Over 5 listings were sold over their listed price in December 2021 in 23124, VA. In the same period over 2 listings were sold below the listed price and 6 listings were sold for the listed price.