Is 23234, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23234 is a seller's market

Buyer's
Market

Difference Since December 2020

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.

How much do homes in 23234, VA cost?

Median Sold Price

$238,675

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$28,675(+13.7%)

Key Takeaway

Homes in 23234 have sold for 13.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $135K$150K
+11.1%
3 $189.9K$224.9K
+18.5%
4 $234.2K$290K
+23.8%
5+ $274.5K$305K
+11.1%

Median Sold Price Compared To Nearby Zip Codes

23224
+16.2%
23832
+15.4%
23237
+14.0%
23234
+13.7%
23231
+12.8%

How many homes are available in 23234, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
141114-19.1%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 1512
-20.0%
3 8368
-18.1%
4 3931
-20.5%
5+ 43
-25.0%

Number of Homes Sold

Nov 2021Dec 2021%
5245-13.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23234, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
13 Days15 Days+14.2%

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23234 are selling fast, if you're buying plan to act quickly.

About 23234, VA

Number of homes for sale in 23234, VA real estate market have reached 114. Between November 2021 and December 2021, 23234, VA real estate market has seen decrease in the number of listings by 19.1%. While the average time on the market in December 2021 was 15 days, the median list price was $238,675. Listing prices have changed in this real estate market between November 2021 and December 2021: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 11.1%, prices of 3 bedrooms properties went up by 18.5%, prices of 4 bedrooms properties increased by 23.8%, prices of 5 bedrooms properties increased by 11.1%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 20% less available, number of 3 bedrooms homes decreased by 18.1%, 4 bedrooms homes became 20.5% less available, number of 5 bedrooms homes decreased by 25%. Over 25 listings were sold over their listed price in December 2021 in 23234, VA. In the same period over 11 listings were sold below the listed price and 9 listings were sold for the listed price.