Is 22181, 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, 22181 has remained a Seller's Market.
Key Takeaway
22181 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22181, VA
How much do homes in 22181, VA cost?
Median Sold Price
$975,000
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22181 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 22181 was $975,000 in March 2024, up 8.6% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292K | $303K | +3.8% |
| 2 Bedrooms | $390K | $397K | +1.8% |
| 3 Bedrooms | $635K | $662.5K | +4.3% |
| 4 Bedrooms | $1.0M | $1.1M | +3.5% |
| 5+ Bedrooms | $1.3M | $1.3M | -0.9% |
Summary: 22181 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in 22181, VA
How many homes are available in 22181, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 79 | 85 | +7.6% |
Summary: The 22181 real estate market had 85 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 38 | 45 | +18.4% |
Summary: The 22181 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 decreased by 12.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 18.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22181, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 22181 in March 2024, up by 33.3% month-over-month. Of the 16 sold homes, 25% were sold under asking, 19% were sold at asking, and 56% were sold over asking.
Days on Market for 22181, VA
How long does it take to sell a home in 22181, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 7 Days | -39.6% |
Summary: Homes in 22181 had an average of 7 days on market in Mar 2024, down by 39.6% 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 22181 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in 22181; 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.
