Is 23024, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 23024 has remained a Seller's Market.
Housing Prices in 23024, VA
How much do homes in 23024, VA cost?
Median Sold Price
$397,475
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 23024 was $397,475 in May 2024, up 6% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $392.5K | $235K | -40.1% |
3 Bedrooms | $319.4K | $379K | +18.7% |
4 Bedrooms | $494.9K | $557.9K | +12.7% |
5+ Bedrooms | $1.1M | $1.3M | +15.4% |
Summary: 23024 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.1%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 15.4%.
Housing Supply in 23024, VA
How many homes are available in 23024, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
108 | 122 | +13.0% |
Summary: The 23024 real estate market had 122 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 61 | 70 | +14.8% |
4 Bedrooms | 27 | 35 | +29.6% |
5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The 23024 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 26 | +36.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 23024 in May 2024, up by 36.8% month-over-month. Of the 26 sold homes, 35% were sold under asking, 19% were sold at asking, and 46% were sold over asking.
Days on Market for 23024, VA
How long does it take to sell a home in 23024, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 31 Days | -14.9% |
Summary: Homes in 23024 had an average of 31 days on market in May 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in 23024; 62% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.