Is 23228, 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, 23228 has remained a Seller's Market.
Housing Prices in 23228, VA
How much do homes in 23228, VA cost?
Median Sold Price
$315,500
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 23228 was $315,500 in March 2024, up 8.8% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $150K | +25.0% |
2 Bedrooms | $225K | $244.5K | +8.7% |
3 Bedrooms | $298.4K | $325.5K | +9.1% |
4 Bedrooms | $348K | $375K | +7.8% |
5+ Bedrooms | $425K | $425K | 0.0% |
Summary: 23228 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes did not change.
Housing Supply in 23228, VA
How many homes are available in 23228, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 73 | +7.4% |
Summary: The 23228 real estate market had 73 homes for sale in March 2024, a 7.4% 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 | 14 | 16 | +14.3% |
3 Bedrooms | 34 | 35 | +2.9% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 23228 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 14.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 26 | -3.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 23228 in March 2024, down by 3.7% month-over-month. Of the 26 sold homes, 38% were sold under asking, 27% were sold at asking, and 35% were sold over asking.
Days on Market for 23228, VA
How long does it take to sell a home in 23228, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 18 Days | +22.8% |
Summary: Homes in 23228 had an average of 18 days on market in Mar 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 23228; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.