Is 22101, 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, 22101 has remained a Buyer's Market.
Housing Prices in 22101, VA
How much do homes in 22101, VA cost?
Median Sold Price
$1,550,000
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22101 was $1,550,000 in March 2024, up 10.7% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $294K | $249.9K | -15.0% |
2 Bedrooms | $895K | $785.5K | -12.2% |
3 Bedrooms | $1.0M | $1.1M | +7.5% |
4 Bedrooms | $1.2M | $1.2M | -0.7% |
5+ Bedrooms | $2.2M | $2.3M | +0.9% |
Summary: 22101 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Zip Codes
22213 | $782.5K | $1.0M | +28.4% |
22101 | $1.4M | $1.5M | +10.7% |
22043 | $746K | $808.2K | +8.3% |
20818 | $949.9K | $855K | -10.0% |
Housing Supply in 22101, VA
How many homes are available in 22101, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
385 | 417 | +8.3% |
Summary: The 22101 real estate market had 417 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 56 | 61 | +8.9% |
5+ Bedrooms | 296 | 317 | +7.1% |
Summary: The 22101 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 30 | +87.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 22101 in March 2024, up by 87.5% month-over-month. Of the 30 sold homes, 50% were sold under asking, 13% were sold at asking, and 37% were sold over asking.
Days on Market for 22101, VA
How long does it take to sell a home in 22101, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 51 Days | +58.7% |
Summary: Homes in 22101 had an average of 51 days on market in Mar 2024, up by 58.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in 22101; 77% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.