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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23140 is a buyer's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

23140 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23140, VA

How much do homes in 23140, VA cost?

Median Sold Price

$565,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$31,851(+6.0%)

Key Takeaway

Homes in 23140 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 23140 was $565,000 in August 2024, up 6% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $281K$247.5K
-11.9%
3 $339K$395K
+16.5%
4 $571.6K$597.4K
+4.5%
5+ $595K$636.3K
+6.9%

Summary: 23140 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Zip Codes

23140
+6.0%
23124
+2.7%
23089
-2.5%

Housing Supply in 23140, VA

How many homes are available in 23140, VA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
4958+18.4%

Summary: The 23140 real estate market had 58 homes for sale in August 2024, a 18.4% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2429
+20.8%
4 1820
+11.1%
5+ 68
+33.3%

Summary: The 23140 housing inventory by bedroom type for August 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 20.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 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. 60% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 23140 in August 2024, down by 45.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.

Days on Market for 23140, VA

How long does it take to sell a home in 23140, VA?

Average Sale Time

Aug 2023Aug 2024CHANGE
36 Days20 Days-45.5%

Summary: Homes in 23140 had an average of 20 days on market in Aug 2024, down by 45.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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.

Summary: During August 2024, 6 homes were sold in 23140; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in 23140, VA

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