Is 23237, 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, 23237 has remained a Seller's Market.
Housing Prices in 23237, VA
How much do homes in 23237, VA cost?
Median Sold Price
$305,833
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 23237 was $305,833 in March 2024, up 9.8% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $205K | $204K | -0.5% |
3 Bedrooms | $261K | $291K | +11.5% |
4 Bedrooms | $321.5K | $355K | +10.4% |
5+ Bedrooms | $360K | $402.5K | +11.8% |
Summary: 23237 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in 23237, VA
How many homes are available in 23237, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 65 | +6.6% |
Summary: The 23237 real estate market had 65 homes for sale in March 2024, a 6.6% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 40 | 41 | +2.5% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 23237 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 100%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 23237 in March 2024, up by 17.6% month-over-month. Of the 20 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for 23237, VA
How long does it take to sell a home in 23237, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 14 Days | -45.4% |
Summary: Homes in 23237 had an average of 14 days on market in Mar 2024, down by 45.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 23237; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.