Is 23294, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23294 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23294 has remained a Seller's Market.

Key Takeaway

23294 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23294, VA cost?

Median Sold Price

$272,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$31,500(+13.1%)

Key Takeaway

Homes in 23294 have sold for 13.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $179.5K$240K
+33.7%
3 $236K$270K
+14.4%
4 $275K$309.9K
+12.7%
5+ $301.5K$305K
+1.2%

Median Sold Price Compared To Nearby Zip Codes

23060
+14.4%
23228
+14.1%
23294
+13.1%
23226
+8.7%
23229
+8.0%

How many homes are available in 23294, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
3334+3.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 34
+33.3%
3 1616
0.0%
4 1313
0.0%
5+ 11
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
912+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23294, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
3 Days20 Days+545.6%

Breakdown of Home Sale Times

10 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 23294 are selling fast, if you're buying plan to act quickly.

About 23294, VA

23294, VA has 34 homes on the market. The number of listings in 23294, VA increased by 3% between November 2021 and December 2021. In December 2021, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $272,000. Real estate listing prices changed between November 2021 and December 2021: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 33.7%, prices of 3 bedrooms properties increased by 14.4%, the cost of 4 bedrooms properties went up by 12.7%, 5 bedrooms properties became 1.2% more expensive. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes became 33.3% more available, volume of 3 bedrooms homes stayed the same, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory did not change. While more than 7 listings in 23294, VA in December 2021 were sold above asking price, there were more than 2 listings sold at asking price, and more than 2 were sold below.