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 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

# BEDSDec 2021Dec 2022%
1 $200K$206K
+3.0%
2 $245K$278K
+13.5%
3 $379K$475K
+25.3%
4 $505K$700K
+38.6%
5+ $1.1M$925K
-19.7%

Median Sold Price Compared To Nearby Zip Codes

23220
+17.0%
23219
-4.4%

How many homes are available in 23220, VA?

Number of Homes For Sale

Nov 2022Dec 2022%
9173-19.8%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 66
0.0%
2 2221
-4.5%
3 4733
-29.8%
4 96
-33.3%
5+ 77
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
2824-14.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2021Dec 2022%
24 Days28 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

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 23220, VA

There are 73 homes are for sale in 23220, VA real estate market. The number of listings in 23220, VA decreased by 19.8% between November 2022 and December 2022. While the average time on the market in December 2022 was 28 days, the median list price was $420,333. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 3%, the cost of 2 bedrooms properties went up by 13.5%, 3 bedrooms properties became 25.3% more expensive, 4 bedrooms properties became 38.6% more expensive, prices of 5 bedrooms properties went down by 19.7%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 4.5%, 3 bedrooms homes inventory decreased by 29.8%, 4 bedrooms homes inventory decreased by 33.3%, 5 bedrooms homes inventory did not change. In December 2022, from all listings sold in 23220, VA there were more than 6 sold above asking price, over 9 sold below and more than 8 were sold right at the asked price.