Is 23901, 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, 23901 has remained a Seller's Market.
Housing Prices in 23901, VA
How much do homes in 23901, VA cost?
Median Sold Price
$270,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 23901 was $270,000 in March 2024, up 7.7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $277.5K | N/A |
2 Bedrooms | $135K | $100K | -25.9% |
3 Bedrooms | $249K | $260K | +4.4% |
4 Bedrooms | $305.5K | $319.4K | +4.6% |
5+ Bedrooms | $349.9K | $492K | +40.6% |
Summary: 23901 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 25.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 40.6%.
Housing Supply in 23901, VA
How many homes are available in 23901, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 50 | +16.3% |
Summary: The 23901 real estate market had 50 homes for sale in March 2024, a 16.3% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 29 | 30 | +3.4% |
4 Bedrooms | 6 | 13 | +116.7% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 23901 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 remained the same, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 23901 in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for 23901, VA
How long does it take to sell a home in 23901, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 45 Days | -15.7% |
Summary: Homes in 23901 had an average of 45 days on market in Mar 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 23901; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.