Is 23220, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23220 is a 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

# BEDSDec 2020Dec 2021%
1 $192.7K$200K
+3.8%
2 $223.7K$245K
+9.5%
3 $413.7K$375K
-9.4%
4 $555K$510K
-8.1%
5+ $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 2021Dec 2021%
126110-12.7%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 118
-27.3%
2 2622
-15.4%
3 5853
-8.6%
4 2016
-20.0%
5+ 1111
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
3438+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

Asking vs Sold - buyer

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 2020Dec 2021%
46 Days26 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23220 are selling fast, if you're buying plan to act quickly.

About 23220, VA

There are 110 homes are for sale in 23220, VA real estate market. The number of listings in 23220, VA decreased by 12.7% between November 2021 and December 2021. In December 2021 median list price was $357,400 and the average listing age was 26 days. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 3.8%, 2 bedrooms properties became 9.5% more expensive, 3 bedrooms properties prices decreased by 9.4%, 4 bedrooms properties prices decreased by 8.1%, 5 bedrooms properties prices decreased by 8.2%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 27.3%, volume of 2 bedrooms homes went down by 15.4%, 3 bedrooms homes inventory decreased by 8.6%, number of 4 bedrooms homes decreased by 20%, 5 bedrooms homes inventory did not change. 23220, VA housing market in December 2021 saw over 11 listings sold above listed price, more than 11 sold at listed price and over 15 sold below.