Is 23140, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23140 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23140 has remained a Seller's Market.

Key Takeaway

23140 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23140, VA cost?

Median Sold Price

$390,950

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$41,000(+11.7%)

Key Takeaway

Homes in 23140 have sold for 11.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $500.5K$323K
-35.5%
3 $299K$290K
-3.0%
4 $374.4K$435.7K
+16.4%
5+ $412.2K$479.9K
+16.4%

Median Sold Price Compared To Nearby Zip Codes

23089
+15.8%
23140
+11.7%
23030
+9.8%
23124
+9.7%

How many homes are available in 23140, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
7465-12.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 32
-33.3%
3 2118
-14.3%
4 3127
-12.9%
5+ 1918
-5.3%

Number of Homes Sold

Nov 2021Dec 2021%
1713-23.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23140, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
42 Days41 Days-2.0%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23140 are selling fast, if you're buying plan to act quickly.

About 23140, VA

There are 65 homes are for sale in 23140, VA real estate market. In December 2021 in 23140, VA there were 12.2% less homes for sale than in November 2021. Listings spent 41 days on the market in December 2021, and had a median list price of $390,950 during the same period. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 35.5% more cheaper, the cost of 3 bedrooms properties went down by 3%, the cost of 4 bedrooms properties went up by 16.4%, prices of 5 bedrooms properties went up by 16.4%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 33.3%, 3 bedrooms homes inventory decreased by 14.3%, the quantity of 4 bedrooms homes went down by 12.9%, number of 5 bedrooms homes decreased by 5.3%. While more than 6 listings in 23140, VA in December 2021 were sold above asking price, there were more than 4 listings sold at asking price, and more than 1 were sold below.