Is 23226, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23226 is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, 23226 has remained a Seller's Market.

Key Takeaway

23226 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23226, VA

How much do homes in 23226, VA cost?

Median Sold Price

$577,000

$348/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$62,000(+12.0%)

Key Takeaway

Homes in 23226 have sold for 12% more than they did a year ago.

Summary: The median home sold price in 23226 was $577,000 in June 2024, up 12% from last year, and the median price per square foot was $348.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $243.5K$311K
+27.7%
2 $355.5K$420K
+18.1%
3 $470K$523K
+11.3%
4 $617.5K$651.2K
+5.5%
5+ $1.3M$1.6M
+16.1%

Summary: 23226 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.7%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 16.1%.

Median Sold Price Compared To Nearby Zip Codes

23230
+13.0%
23226
+12.0%
23229
+3.4%
23221
-1.3%

Housing Supply in 23226, VA

How many homes are available in 23226, VA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
10096-4.0%

Summary: The 23226 real estate market had 96 homes for sale in June 2024, a 4.0% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 48
+100.0%
3 4142
+2.4%
4 4133
-19.5%
5+ 1413
-7.1%

Summary: The 23226 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
4327-37.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23226, you could pay more than the asking price. 74.1% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 23226 in June 2024, down by 37.2% month-over-month. Of the 27 sold homes, 7% were sold under asking, 19% were sold at asking, and 74% were sold over asking.

Days on Market for 23226, VA

How long does it take to sell a home in 23226, VA?

Average Sale Time

Jun 2023Jun 2024CHANGE
10 Days7 Days-23.9%

Summary: Homes in 23226 had an average of 7 days on market in Jun 2024, down by 23.9% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23226 are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 27 homes were sold in 23226; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 13 Days Ago

Newest Listings in 23226, VA

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