Is 23228, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23228 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23228 has remained a Seller's Market.

Key Takeaway

23228 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23228, VA cost?

Median Sold Price

$250,937

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$30,937(+14.1%)

Key Takeaway

Homes in 23228 have sold for 14.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $84K$94.5K
+12.5%
2 $149.9K$188.7K
+25.9%
3 $224.8K$264.5K
+17.6%
4 $270K$315K
+16.7%
5+ $320K$352K
+10.0%

Median Sold Price Compared To Nearby Zip Codes

23060
+14.4%
23228
+14.1%
23294
+13.1%
23227
+11.0%
23230
+8.3%

How many homes are available in 23228, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
13199-24.4%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 11
0.0%
2 3321
-36.4%
3 7557
-24.0%
4 2118
-14.3%
5+ 12
+100.0%

Number of Homes Sold

Nov 2021Dec 2021%
5248-7.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23228, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
7 Days9 Days+29.6%

Breakdown of Home Sale Times

47 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 23228 are selling fast, if you're buying plan to act quickly.

About 23228, VA

Homes for sale in 23228, VA have reached 99. The number of homes for sale in 23228, VA decreased by 24.4% between November 2021 and December 2021. Listings spent 9 days on the market in December 2021, and had a median list price of $250,937 during the same period. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 12.5%, the cost of 2 bedrooms properties went up by 25.9%, the cost of 3 bedrooms properties went up by 17.6%, 4 bedrooms properties became 16.7% more expensive, 5 bedrooms properties became 10% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory decreased by 36.4%, number of 3 bedrooms homes decreased by 24%, number of 4 bedrooms homes decreased by 14.3%, 5 bedrooms homes became 100% more available. 23228, VA housing market in December 2021 saw over 24 listings sold above listed price, more than 12 sold at listed price and over 12 sold below.