Is 23234, 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, 23234 has remained a Seller's Market.
Key Takeaway
23234 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23234, VA
How much do homes in 23234, VA cost?
Median Sold Price
$293,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 23234 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 23234 was $293,000 in March 2024, up 10.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53.2K | $85.2K | +60.2% |
| 2 Bedrooms | $158.2K | $209.9K | +32.7% |
| 3 Bedrooms | $248.3K | $287K | +15.6% |
| 4 Bedrooms | $315K | $329.9K | +4.8% |
| 5+ Bedrooms | $357K | $395K | +10.6% |
Summary: 23234 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.2%, 2 bedroom homes increased by 32.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 10.6%.
Housing Supply in 23234, VA
How many homes are available in 23234, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 139 | 140 | +0.7% |
Summary: The 23234 real estate market had 140 homes for sale in March 2024, a 0.7% 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 | 10 | 9 | -10.0% |
| 3 Bedrooms | 85 | 85 | 0.0% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 23234 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 decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23234, you could pay more than the asking price. 45.9% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in 23234 in March 2024, up by 15.6% month-over-month. Of the 37 sold homes, 30% were sold under asking, 24% were sold at asking, and 46% were sold over asking.
Days on Market for 23234, VA
How long does it take to sell a home in 23234, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 26 Days | 0.4% |
Summary: Homes in 23234 had an average of 26 days on market in Mar 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 23234 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 37 homes were sold in 23234; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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