Is 23220, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, 23220 has remained a Seller's Market.
Key Takeaway
23220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 23220, VA cost?
Median Sold Price
$420,333
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$61,073(+17.0%)
Key Takeaway
Homes in 23220 have sold for 17% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $200K | $206K | +3.0% |
| 2 Bedrooms | $245K | $278K | +13.5% |
| 3 Bedrooms | $379K | $475K | +25.3% |
| 4 Bedrooms | $505K | $700K | +38.6% |
| 5+ Bedrooms | $1.1M | $925K | -19.7% |
Median Sold Price Compared To Nearby Zip Codes
| 23220 | $359.2K | $420.3K | +17.0% |
| 23219 | $315K | $301K | -4.4% |
How many homes are available in 23220, VA?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 91 | 73 | -19.8% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 47 | 33 | -29.8% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 28 | 24 | -14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23220, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 24 Days | 28 Days | +14.0% |
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23220 are selling fast, if you're buying plan to act quickly.
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. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2023 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.