Is 23175, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23175 is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, 23175 has remained a Buyer's Market.

Key Takeaway

23175 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23175, VA

How much do homes in 23175, VA cost?

Median Sold Price

$267,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$123,000(-31.5%)

Key Takeaway

Homes in 23175 have sold for 31.5% less than they did a year ago.

Summary: The median home sold price in 23175 was $267,000 in March 2024, down 31.5% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $205.1K$250K
+21.9%
3 $371.9K$267K
-28.2%
4 $517.5K$387.5K
-25.1%
5+ $812.2K$1.7M
+109.3%

Summary: 23175 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 increased by 21.9%, 3 bedroom homes decreased by 28.2%, 4 bedroom homes decreased by 25.1%, and 5+ bedroom homes increased by 109.3%.

Median Sold Price Compared To Nearby Zip Codes

22503
+17.6%
23175
-31.5%

Housing Supply in 23175, VA

How many homes are available in 23175, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
13130.0%

Summary: The 23175 real estate market had 13 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 55
0.0%
3 33
0.0%
4 33
0.0%
5+ 22
0.0%

Summary: The 23175 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23175, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 23175 in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 23175, VA

How long does it take to sell a home in 23175, VA?

Average Sale Time

Mar 2023Mar 2024CHANGE
11 Days124 Days+1027.3%

Summary: Homes in 23175 had an average of 124 days on market in Mar 2024, up by 1027.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 23175 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 1 homes were sold in 23175; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 28 Days Ago

Newest Listings in 23175, VA

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