Is 23150, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 23150 has remained a Seller's Market.
Key Takeaway
23150 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23150, VA
How much do homes in 23150, VA cost?
Median Sold Price
$290,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 23150 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 23150 was $290,000 in March 2024, up 9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | - | N/A |
| 2 Bedrooms | $190K | $159.7K | -15.9% |
| 3 Bedrooms | $255.4K | $285K | +11.6% |
| 4 Bedrooms | $310K | $324K | +4.5% |
| 5+ Bedrooms | $469K | $391.7K | -16.5% |
Summary: 23150 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 decreased by 15.9%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in 23150, VA
How many homes are available in 23150, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 46 | -4.2% |
Summary: The 23150 real estate market had 46 homes for sale in March 2024, a 4.2% decrease 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 23150 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 decreased by 4.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23150, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 23150 in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 23150, VA
How long does it take to sell a home in 23150, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 32 Days | +2.6% |
Summary: Homes in 23150 had an average of 32 days on market in Mar 2024, up by 2.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23150 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 23150; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved