Is 23224, 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, 23224 has remained a Seller's Market.
Housing Prices in 23224, VA
How much do homes in 23224, VA cost?
Median Sold Price
$240,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 23224 was $240,000 in March 2024, up 8.7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $196.2K | $210K | +7.0% |
2 Bedrooms | $165K | $194.6K | +17.9% |
3 Bedrooms | $226K | $250K | +10.6% |
4 Bedrooms | $250K | $280K | +12.0% |
5+ Bedrooms | $301K | $312K | +3.7% |
Summary: 23224 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 23224, VA
How many homes are available in 23224, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
105 | 132 | +25.7% |
Summary: The 23224 real estate market had 132 homes for sale in March 2024, a 25.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 24 | 30 | +25.0% |
3 Bedrooms | 59 | 72 | +22.0% |
4 Bedrooms | 20 | 28 | +40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 23224 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 35 | +25.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 23224 in March 2024, up by 25.0% month-over-month. Of the 34 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for 23224, VA
How long does it take to sell a home in 23224, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 19 Days | -34.5% |
Summary: Homes in 23224 had an average of 19 days on market in Mar 2024, down by 34.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in 23224; 80% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.