Is 23238, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23238 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23238 has remained a Seller's Market.

Key Takeaway

23238 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23238, VA cost?

Median Sold Price

$342,700

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$47,200(+16.0%)

Key Takeaway

Homes in 23238 have sold for 16% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $134.5K$141K
+4.8%
2 $192K$212.5K
+10.7%
3 $228.2K$249.9K
+9.5%
4 $355K$416.5K
+17.3%
5+ $609.5K$698K
+14.5%

Median Sold Price Compared To Nearby Zip Codes

23103
+20.4%
23113
+18.5%
23233
+16.2%
23238
+16.0%
23229
+8.0%

How many homes are available in 23238, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
8153-34.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 149
-35.7%
3 2813
-53.6%
4 2921
-27.6%
5+ 1010
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
3630-16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23238, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
13 Days13 Days-0.5%

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23238 are selling fast, if you're buying plan to act quickly.

About 23238, VA

23238, VA has 53 homes on the market. The inventory of homes for sale in 23238, VA between November 2021 and December 2021 decreased by 34.6%. The median list price of listings available in December 2021 was $342,700, while the average time on the real estate market was 13 days. Real estate listing prices changed between November 2021 and December 2021: prices of 1 bedroom properties increased by 4.8%, prices of 2 bedrooms properties went up by 10.7%, prices of 3 bedrooms properties went up by 9.5%, prices of 4 bedrooms properties increased by 17.3%, 5 bedrooms properties became 14.5% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 35.7%, volume of 3 bedrooms homes went down by 53.6%, 4 bedrooms homes became 27.6% less available, number of 5 bedrooms homes remained the same. In December 2021 more than 16 listings in 23238, VA were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 6 were sold below.