Is 22042, 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, 22042 was a Seller's Market.
Key Takeaway
22042 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22042, VA
How much do homes in 22042, VA cost?
Median Sold Price
$700,000
$397/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in 22042 has remained the same since last year.
Summary: The median home sold price in 22042 was $700,000 in March 2024, the same as last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $294K | +5.0% |
| 2 Bedrooms | $374K | $431K | +15.2% |
| 3 Bedrooms | $674.5K | $705K | +4.5% |
| 4 Bedrooms | $762.5K | $755.2K | -1.0% |
| 5+ Bedrooms | $891K | $975K | +9.4% |
Summary: 22042 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 9.4%.
Housing Supply in 22042, VA
How many homes are available in 22042, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 161 | 170 | +5.6% |
Summary: The 22042 real estate market had 170 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 51 | 53 | +3.9% |
| 4 Bedrooms | 39 | 40 | +2.6% |
| 5+ Bedrooms | 44 | 47 | +6.8% |
Summary: The 22042 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 15.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22042, you could pay more than the asking price. 60.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 22042 in March 2024, the same as the previous month. Of the 23 sold homes, 17% were sold under asking, 22% were sold at asking, and 61% were sold over asking.
Days on Market for 22042, VA
How long does it take to sell a home in 22042, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 12 Days | -5.6% |
Summary: Homes in 22042 had an average of 12 days on market in Mar 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22042 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in 22042; 91% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
