Is 23188, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23188 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23188 has remained a Seller's Market.

Key Takeaway

23188 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23188, VA cost?

Median Sold Price

$400,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$25,000(+6.7%)

Key Takeaway

Homes in 23188 have sold for 6.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $200K-
N/A
2 $221K$225.5K
+2.0%
3 $340K$349K
+2.6%
4 $442.5K$530K
+19.8%
5+ $505K$602K
+19.2%

Median Sold Price Compared To Nearby Zip Codes

23011
+57.8%
23089
+15.8%
23185
+6.9%
23188
+6.7%
23168
-2.5%

How many homes are available in 23188, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
327288-11.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 32
-33.3%
2 3421
-38.2%
3 145133
-8.3%
4 114104
-8.8%
5+ 3128
-9.7%

Number of Homes Sold

Nov 2021Dec 2021%
9885-13.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23188, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
45 Days18 Days-58.7%

Breakdown of Home Sale Times

70 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23188 are selling fast, if you're buying plan to act quickly.

About 23188, VA

Homes for sale in 23188, VA have reached 288. In December 2021 in 23188, VA there were 11.9% less homes for sale than in November 2021. In December 2021 median list price was $400,000 and the average listing age was 18 days. Listing prices have changed in this real estate market between November 2021 and December 2021: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 2%, 3 bedrooms properties became 2.6% more expensive, 4 bedrooms properties became 19.8% more expensive, 5 bedrooms properties became 19.2% more expensive. Volume of homes for sale changed: the quantity of 1 bedroom homes went down by 33.3%, 2 bedrooms homes inventory decreased by 38.2%, 3 bedrooms homes became 8.3% less available, 4 bedrooms homes became 8.8% less available, 5 bedrooms homes inventory decreased by 9.7%. In December 2021 more than 9 listings in 23188, VA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 3 were sold below.