Is 23221, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$581,800
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 23221 was $581,800 in March 2024, down 3% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $208.7K | $280K | +34.1% |
2 Bedrooms | $275K | $322K | +17.1% |
3 Bedrooms | $567.5K | $583.4K | +2.8% |
4 Bedrooms | $900K | $870K | -3.3% |
5+ Bedrooms | $1.5M | $1.2M | -16.7% |
Summary: 23221 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.1%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 16.7%.
Housing Supply in 23221, VA
How many homes are available in 23221, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 45 | +18.4% |
Summary: The 23221 real estate market had 45 homes for sale in March 2024, a 18.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 17 | 24 | +41.2% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 23221 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 41.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 23221 in March 2024, down by 21.4% month-over-month. Of the 11 sold homes, 9% were sold under asking, 9% were sold at asking, and 82% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
12 Days | 8 Days | -34.0% |
Summary: Homes in 23221 had an average of 8 days on market in Mar 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 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.