Is 22102, 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, 22102 has remained a Buyer's Market.
Housing Prices in 22102, VA
How much do homes in 22102, VA cost?
Median Sold Price
$701,333
$392/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22102 was $701,333 in March 2024, up 3.1% from last year, and the median price per square foot was $392.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $277.5K | $292.5K | +5.4% |
2 Bedrooms | $487K | $466K | -4.3% |
3 Bedrooms | $728.1K | $828K | +13.7% |
4 Bedrooms | $1.5M | $1.5M | -1.0% |
5+ Bedrooms | $2.4M | $2.0M | -13.1% |
Summary: 22102 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 13.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 13.1%.
Housing Supply in 22102, VA
How many homes are available in 22102, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
253 | 269 | +6.3% |
Summary: The 22102 real estate market had 269 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 67 | 79 | +17.9% |
2 Bedrooms | 91 | 93 | +2.2% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 57 | 59 | +3.5% |
Summary: The 22102 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 3.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 22102 in March 2024, down by 3.8% month-over-month. Of the 25 sold homes, 40% were sold under asking, 16% were sold at asking, and 44% were sold over asking.
Days on Market for 22102, VA
How long does it take to sell a home in 22102, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 38 Days | +27.4% |
Summary: Homes in 22102 had an average of 38 days on market in Mar 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 22102; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.