Is 23227, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23227 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23227 has remained a Seller's Market.

Key Takeaway

23227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23227, VA cost?

Median Sold Price

$315,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$31,137(+11.0%)

Key Takeaway

Homes in 23227 have sold for 11% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$81.2K
N/A
2 $247.9K$314.5K
+26.8%
3 $260K$289K
+11.2%
4 $329.9K$359.7K
+9.0%
5+ $465K$441.1K
-5.1%

Median Sold Price Compared To Nearby Zip Codes

23222
+17.5%
23228
+14.1%
23227
+11.0%
23230
+8.3%
23220
+2.2%

How many homes are available in 23227, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
8054-32.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 22
0.0%
2 104
-60.0%
3 4837
-22.9%
4 169
-43.8%
5+ 42
-50.0%

Number of Homes Sold

Nov 2021Dec 2021%
3624-33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23227, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
13 Days21 Days+57.3%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23227 are selling fast, if you're buying plan to act quickly.

About 23227, VA

23227, VA has 54 homes for sale to choose from. Between November 2021 and December 2021, 23227, VA real estate market has seen decrease in the number of listings by 32.5%. While the average time on the market in December 2021 was 21 days, the median list price was $315,000. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 26.8% more expensive, 3 bedrooms properties prices increased by 11.2%, 4 bedrooms properties prices increased by 9%, 5 bedrooms properties became 5.1% more cheaper. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, volume of 2 bedrooms homes went down by 60%, the quantity of 3 bedrooms homes went down by 22.9%, 4 bedrooms homes became 43.8% less available, the quantity of 5 bedrooms homes went down by 50%. In December 2021, from all listings sold in 23227, VA there were more than 13 sold above asking price, over 7 sold below and more than 3 were sold right at the asked price.