Is 22015, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 22015 was a Seller's Market.
Key Takeaway
22015 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 22015, VA
How much do homes in 22015, VA cost?
Median Sold Price
$669,983
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22015 have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in 22015 was $669,983 in March 2024, up 10.1% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $310K | +8.8% |
| 2 Bedrooms | $397.5K | $352.5K | -11.3% |
| 3 Bedrooms | $530K | $560K | +5.7% |
| 4 Bedrooms | $750.5K | $820K | +9.3% |
| 5+ Bedrooms | $852.5K | $900K | +5.6% |
Summary: 22015 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in 22015, VA
How many homes are available in 22015, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 111 | 130 | +17.1% |
Summary: The 22015 real estate market had 130 homes for sale in March 2024, a 17.1% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 38 | 45 | +18.4% |
| 4 Bedrooms | 45 | 52 | +15.6% |
| 5+ Bedrooms | 23 | 28 | +21.7% |
Summary: The 22015 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 18.4%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 21.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22015, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 22015 in March 2024, down by 4.5% month-over-month. Of the 21 sold homes, 5% were sold under asking, 33% were sold at asking, and 62% were sold over asking.
Days on Market for 22015, VA
How long does it take to sell a home in 22015, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 6 Days | -66.1% |
Summary: Homes in 22015 had an average of 6 days on market in Mar 2024, down by 66.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22015 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in 22015; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
