Is 23220, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 23220 has remained a Seller's Market.
Housing Prices in 23220, VA
How much do homes in 23220, VA cost?
Median Sold Price
$438,333
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 23220 was $438,333 in February 2024, up 4.2% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $239.2K | +16.7% |
2 Bedrooms | $285K | $355K | +24.6% |
3 Bedrooms | $455K | $499K | +9.7% |
4 Bedrooms | $675K | $715K | +5.9% |
5+ Bedrooms | $890K | $1.3M | +53.1% |
Summary: 23220 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 53.1%.
Median Sold Price Compared To Nearby Zip Codes
23219 | $289K | $380K | +31.5% |
23220 | $420.4K | $438.3K | +4.2% |
Housing Supply in 23220, VA
How many homes are available in 23220, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
72 | 84 | +16.7% |
Summary: The 23220 real estate market had 84 homes for sale in February 2024, a 16.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 36 | 47 | +30.6% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 23220 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 increased by 8.3%, 3 bedroom homes increased by 30.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 23 | +64.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 23220 in February 2024, up by 64.3% month-over-month. Of the 23 sold homes, 13% were sold under asking, 17% were sold at asking, and 70% were sold over asking.
Days on Market for 23220, VA
How long does it take to sell a home in 23220, VA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
38 Days | 13 Days | -64.1% |
Summary: Homes in 23220 had an average of 13 days on market in Feb 2024, down by 64.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 23 homes were sold in 23220; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.