Is 22124, 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, 22124 has remained a Seller's Market.
Key Takeaway
22124 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22124, VA
How much do homes in 22124, VA cost?
Median Sold Price
$901,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22124 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 22124 was $901,000 in March 2024, up 12.6% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $274K | $288K | +5.1% |
| 2 Bedrooms | $340K | $379.9K | +11.7% |
| 3 Bedrooms | $610K | $655K | +7.4% |
| 4 Bedrooms | $1.0M | $976.5K | -9.6% |
| 5+ Bedrooms | $1.6M | $1.3M | -15.2% |
Summary: 22124 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 15.2%.
Housing Supply in 22124, VA
How many homes are available in 22124, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 69 | +16.9% |
Summary: The 22124 real estate market had 69 homes for sale in March 2024, a 16.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 22 | 33 | +50.0% |
Summary: The 22124 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22124, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 22124 in March 2024, up by 77.8% month-over-month. Of the 16 sold homes, 0% were sold under asking, 13% were sold at asking, and 88% were sold over asking.
Days on Market for 22124, VA
How long does it take to sell a home in 22124, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 4 Days | -50.4% |
Summary: Homes in 22124 had an average of 4 days on market in Mar 2024, down by 50.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22124 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in 22124; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
