Is 23314, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23314 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 23314 was a Neutral Market.

Key Takeaway

23314 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 23314, VA

How much do homes in 23314, VA cost?

Median Sold Price

$560,000

$109/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$65,000(+13.1%)

Key Takeaway

Homes in 23314 have sold for 13.1% more than they did a month ago.

Summary: The median home sold price in 23314 was $560,000 in March 2024, up 13.1% from last month, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $495K$560K
+13.1%
5+ --
N/A

Summary: 23314 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

23314
+13.1%
23430
+9.7%

Housing Supply in 23314, VA

How many homes are available in 23314, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8191+12.3%

Summary: The 23314 real estate market had 91 homes for sale in March 2024, a 12.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 33
0.0%
2 1213
+8.3%
3 2729
+7.4%
4 2328
+21.7%
5+ 1618
+12.5%

Summary: The 23314 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 8.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23314, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 23314 in March 2024, down by 16.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 23314, VA

How long does it take to sell a home in 23314, VA?

Average Sale Time

Feb 2024Mar 2024CHANGE
41 Days68 Days+65.6%

Summary: Homes in 23314 had an average of 68 days on market in Mar 2024, up by 65.6% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23314 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 10 homes were sold in 23314; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in 23314, VA

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