Is 23192, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23192 is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 23192 was a Neutral Market.

Key Takeaway

23192 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23192, VA

How much do homes in 23192, VA cost?

Median Sold Price

$524,050

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$114,050(+27.8%)

Key Takeaway

Homes in 23192 have sold for 27.8% more than they did a year ago.

Summary: The median home sold price in 23192 was $524,050 in February 2024, up 27.8% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$60K
N/A
2 $205K$239K
+16.6%
3 $340K$392.5K
+15.4%
4 $562K$606.2K
+7.9%
5+ $697.4K$724.6K
+3.9%

Summary: 23192 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Zip Codes

23192
+27.8%
23146
+11.8%
23024
+11.7%
23047
+3.5%
23015
-5.4%

Housing Supply in 23192, VA

How many homes are available in 23192, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2630+15.4%

Summary: The 23192 real estate market had 30 homes for sale in February 2024, a 15.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1214
+16.7%
4 1011
+10.0%
5+ 45
+25.0%

Summary: The 23192 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23192, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 23192 in February 2024, up by 100.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.

Days on Market for 23192, VA

How long does it take to sell a home in 23192, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
62 Days30 Days-51.4%

Summary: Homes in 23192 had an average of 30 days on market in Feb 2024, down by 51.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23192 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 8 homes were sold in 23192; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 23192, VA

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