Is 23226, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 23226 has remained a Seller's Market.
Housing Prices in 23226, VA
How much do homes in 23226, VA cost?
Median Sold Price
$550,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 23226 was $550,000 in February 2024, up 3.8% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $256.5K | -10.0% |
2 Bedrooms | $339.9K | $400K | +17.7% |
3 Bedrooms | $485K | $503K | +3.7% |
4 Bedrooms | $727K | $577.5K | -20.6% |
5+ Bedrooms | $1.4M | $1.8M | +29.7% |
Summary: 23226 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Zip Codes
23230 | $335K | $429.5K | +28.2% |
23229 | $425K | $458.1K | +7.8% |
23226 | $530K | $550K | +3.8% |
23221 | $592.5K | $588K | -0.8% |
Housing Supply in 23226, VA
How many homes are available in 23226, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
42 | 54 | +28.6% |
Summary: The 23226 real estate market had 54 homes for sale in February 2024, a 28.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 14 | 19 | +35.7% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 23226 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 15 | +87.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 23226 in February 2024, up by 87.5% month-over-month. Of the 15 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
6 Days | 31 Days | +366.0% |
Summary: Homes in 23226 had an average of 31 days on market in Feb 2024, up by 366% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 15 homes were sold in 23226; 53% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.