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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23175 is a seller's market

Buyer's
Market

Difference Since December 2020

At the same time last year, 23175 was a Neutral Market.

Key Takeaway

23175 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23175, VA cost?

Median Sold Price

$270,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

-$23,500(-8.0%)

Key Takeaway

Homes in 23175 have sold for 8% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $297.2K$264.9K
-10.9%
3 $254.5K$267.5K
+5.1%
4 $442K$520K
+17.6%
5+ $925K$470K
-49.2%

Median Sold Price Compared To Nearby Zip Codes

23180
+46.5%
22503
-0.1%
23175
-8.0%

How many homes are available in 23175, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
108-20.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 33
0.0%
3 44
0.0%
4 20
-100.0%
5+ 11
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
18 Days5 Days-69.4%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23175 are selling fast, if you're buying plan to act quickly.

About 23175, VA

Homes for sale in 23175, VA have reached 8. The number of homes for sale in 23175, VA decreased by 20% between November 2021 and December 2021. The median list price of listings available in December 2021 was $270,000, while the average time on the real estate market was 5 days. 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%, the cost of 2 bedrooms properties went down by 10.9%, the cost of 3 bedrooms properties went up by 5.1%, prices of 4 bedrooms properties went up by 17.6%, 5 bedrooms properties became 49.2% more cheaper. Volume of homes for sale changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes decreased by 100%, volume of 5 bedrooms homes stayed the same. In December 2021, from all listings sold in 23175, VA there were more than 1 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.