Is 23220, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2020
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
$357,400
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2020
+$7,583(+2.2%)
Key Takeaway
Homes in 23220 have sold for 2.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2020 | Dec 2021 | % |
|---|---|---|---|
| 1 Bedroom | $192.7K | $200K | +3.8% |
| 2 Bedrooms | $223.7K | $245K | +9.5% |
| 3 Bedrooms | $413.7K | $375K | -9.4%  |
| 4 Bedrooms | $555K | $510K | -8.1% |
| 5+ Bedrooms | $1.2M | $1.1M | -8.2% |
Median Sold Price Compared To Nearby Zip Codes
| % | |
|---|---|
| 23219 | +30.6% |
| 23220 | +2.2% |
How many homes are available in 23220, VA?
Number of Homes For Sale
| Nov 2021 | Dec 2021 | % |
|---|---|---|
| 126 | 110 | -12.7% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2021 | Dec 2021 | % |
|---|---|---|---|
| 1 Bedroom | 11 | 8 | -27.3% |
| 2 Bedrooms | 26 | 22 | -15.4% |
| 3 Bedrooms | 58 | 53 | -8.6% |
| 4 Bedrooms | 20 | 16 | -20.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Number of Homes Sold
| Nov 2021 | Dec 2021 | % |
|---|---|---|
| 34 | 38 | +11.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23220, you may be able to get a good deal. 40.5% of homes here sold below asking price last month.
Average Sale Time
| Dec 2020 | Dec 2021 | % |
|---|---|---|
| 46 Days | 26 Days | -44.3% |
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 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 ©2022 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved