Is 23803, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23803 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23803 has remained a Seller's Market.

Key Takeaway

23803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23803, VA cost?

Median Sold Price

$185,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$13,746(+8.0%)

Key Takeaway

Homes in 23803 have sold for 8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$65K
N/A
2 $59K$74.8K
+26.8%
3 $165K$185K
+12.1%
4 $234K$255K
+9.0%
5+ $290K$245K
-15.5%

Median Sold Price Compared To Nearby Zip Codes

23885
+19.1%
23834
+17.9%
23805
+8.8%
23803
+8.0%

How many homes are available in 23803, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
204213+4.4%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 21
-50.0%
2 2333
+43.5%
3 123120
-2.4%
4 4546
+2.2%
5+ 1113
+18.2%

Number of Homes Sold

Nov 2021Dec 2021%
4967+36.7%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23803, you could pay more than the asking price. 51.5% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
22 Days19 Days-17.2%

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23803 are selling fast, if you're buying plan to act quickly.

About 23803, VA

There are 213 homes are for sale in 23803, VA real estate market. The inventory of homes for sale in 23803, VA between November 2021 and December 2021 increased by 4.4%. While the average time on the market in December 2021 was 19 days, the median list price was $185,000. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 26.8%, prices of 3 bedrooms properties increased by 12.1%, the cost of 4 bedrooms properties went up by 9%, 5 bedrooms properties became 15.5% more cheaper. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 50%, number of 2 bedrooms homes increased by 43.5%, number of 3 bedrooms homes decreased by 2.4%, the quantity of 4 bedrooms homes went up by 2.2%, volume of 5 bedrooms homes went up by 18.2%. 23803, VA housing market in December 2021 saw over 34 listings sold above listed price, more than 12 sold at listed price and over 20 sold below.