Is 23188, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 23188 was a Buyer's Market.
Key Takeaway
23188 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23188, VA
How much do homes in 23188, VA cost?
Median Sold Price
$510,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 23188 have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in 23188 was $510,000 in April 2024, up 8.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138.5K | $185K | +33.6% |
| 2 Bedrooms | $282.5K | $267K | -5.5% |
| 3 Bedrooms | $405K | $428.5K | +5.8% |
| 4 Bedrooms | $580K | $615K | +6.0% |
| 5+ Bedrooms | $630K | $778.7K | +23.6% |
Summary: 23188 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.6%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 23.6%.
Housing Supply in 23188, VA
How many homes are available in 23188, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 279 | 309 | +10.8% |
Summary: The 23188 real estate market had 309 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 20 | 30 | +50.0% |
| 3 Bedrooms | 122 | 127 | +4.1% |
| 4 Bedrooms | 113 | 122 | +8.0% |
| 5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The 23188 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 80 | +8.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23188, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.
Summary: A total of 80 homes were sold or pending in 23188 in April 2024, up by 8.1% month-over-month. Of the 19 sold homes, 37% were sold under asking, 37% were sold at asking, and 26% were sold over asking.
Days on Market for 23188, VA
How long does it take to sell a home in 23188, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 27 Days | +71.2% |
Summary: Homes in 23188 had an average of 27 days on market in Apr 2024, up by 71.2% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23188 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 80 homes were sold in 23188; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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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
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