Is 23168, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23168 is a seller's market

Buyer's
Market

Difference Since August 2023

At the same time last year, 23168 was a Buyer's Market.

Key Takeaway

23168 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23168, VA

How much do homes in 23168, VA cost?

Median Sold Price

$441,750

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$8,150(-1.8%)

Key Takeaway

Homes in 23168 have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in 23168 was $441,750 in August 2024, down 1.8% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $209K$74K
-64.6%
3 $400K$362.9K
-9.3%
4 $472.5K$505K
+6.9%
5+ $506.4K$530.9K
+4.8%

Summary: 23168 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 64.6%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Zip Codes

23188
+4.0%
23168
-1.8%
23089
-2.5%

Housing Supply in 23168, VA

How many homes are available in 23168, VA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
8061-23.8%

Summary: The 23168 real estate market had 61 homes for sale in August 2024, a 23.8% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 11
0.0%
3 3024
-20.0%
4 2615
-42.3%
5+ 2321
-8.7%

Summary: The 23168 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 decreased by 20%, 4 bedroom homes decreased by 42.3%, and 5+ bedroom homes decreased by 8.7%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
2911-62.1%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23168, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in 23168 in August 2024, down by 62.1% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 23168, VA

How long does it take to sell a home in 23168, VA?

Average Sale Time

Aug 2023Aug 2024CHANGE
16 Days24 Days+55.7%

Summary: Homes in 23168 had an average of 24 days on market in Aug 2024, up by 55.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23168 are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 11 homes were sold in 23168; 55% of homes were sold within 30 days, 45% 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 13 Days Ago

Newest Listings in 23168, VA

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