Is 23221, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 23221 has remained a Seller's Market.
Housing Prices in 23221, VA
How much do homes in 23221, VA cost?
Median Sold Price
$588,000
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 23221 was $588,000 in April 2024, down 2% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $280K | +33.3% |
2 Bedrooms | $275K | $326K | +18.5% |
3 Bedrooms | $566.2K | $590K | +4.2% |
4 Bedrooms | $860K | $899.5K | +4.6% |
5+ Bedrooms | $1.6M | $1.2M | -26.3% |
Summary: 23221 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 26.3%.
Housing Supply in 23221, VA
How many homes are available in 23221, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 63 | +28.6% |
Summary: The 23221 real estate market had 63 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 26 | 38 | +46.2% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 23221 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 20 | +81.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 23221 in April 2024, up by 81.8% month-over-month. Of the 20 sold homes, 10% were sold under asking, 5% were sold at asking, and 85% were sold over asking.
Days on Market for 23221, VA
How long does it take to sell a home in 23221, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 5 Days | -28.9% |
Summary: Homes in 23221 had an average of 5 days on market in Apr 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in 23221; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.