Is 23231, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23231 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23231 has remained a Seller's Market.

Key Takeaway

23231 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23231, VA cost?

Median Sold Price

$262,531

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$29,731(+12.8%)

Key Takeaway

Homes in 23231 have sold for 12.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $216.5K$222K
+2.5%
2 $230K$205K
-10.9%
3 $215K$250K
+16.3%
4 $273.2K$308.5K
+12.9%
5+ $314.5K$355.2K
+13.0%

Median Sold Price Compared To Nearby Zip Codes

23836
+25.0%
23075
+24.2%
23231
+12.8%
23150
+12.8%

How many homes are available in 23231, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
198171-13.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 33
0.0%
2 3932
-17.9%
3 9984
-15.2%
4 4946
-6.1%
5+ 86
-25.0%

Number of Homes Sold

Nov 2021Dec 2021%
5655-1.8%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23231, you could pay more than the asking price. 50.9% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
18 Days18 Days0.3%

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23231 are selling fast, if you're buying plan to act quickly.

About 23231, VA

23231, VA has 171 homes on the market. The number of listings in 23231, VA decreased by 13.6% between November 2021 and December 2021. While the average time on the market in December 2021 was 18 days, the median list price was $262,531. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 2.5%, prices of 2 bedrooms properties decreased by 10.9%, prices of 3 bedrooms properties went up by 16.3%, prices of 4 bedrooms properties went up by 12.9%, the cost of 5 bedrooms properties went up by 13%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes became 17.9% less available, 3 bedrooms homes inventory decreased by 15.2%, 4 bedrooms homes inventory decreased by 6.1%, number of 5 bedrooms homes decreased by 25%. 23231, VA housing market in December 2021 saw over 28 listings sold above listed price, more than 8 sold at listed price and over 19 sold below.