Is 22150, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22150 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 22150 has remained a Seller's Market.

Key Takeaway

22150 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22150, VA

How much do homes in 22150, VA cost?

Median Sold Price

$639,900

$354/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$20,900(+3.4%)

Key Takeaway

Homes in 22150 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 22150 was $639,900 in February 2024, up 3.4% from last year, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$230K
N/A
2 $515K$488.7K
-5.1%
3 $591.5K$580K
-1.9%
4 $640K$645K
+0.8%
5+ $720.2K$889.7K
+23.5%

Summary: 22150 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 23.5%.

Median Sold Price Compared To Nearby Zip Codes

22153
+16.4%
22152
+7.9%
22150
+3.4%
22315
+2.5%
22151
+1.8%

Housing Supply in 22150, VA

How many homes are available in 22150, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4652+13.0%

Summary: The 22150 real estate market had 52 homes for sale in February 2024, a 13.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1315
+15.4%
4 1518
+20.0%
5+ 1618
+12.5%

Summary: The 22150 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22150, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 22150 in February 2024, up by 12.5% month-over-month. Of the 9 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% were sold over asking.

Days on Market for 22150, VA

How long does it take to sell a home in 22150, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
67 Days32 Days-51.1%

Summary: Homes in 22150 had an average of 32 days on market in Feb 2024, down by 51.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22150 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 9 homes were sold in 22150; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 22150, VA

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