Is 22182, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 22182 was a Seller's Market.
Key Takeaway
22182 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 22182, VA
How much do homes in 22182, VA cost?
Median Sold Price
$1,182,500
$358/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22182 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 22182 was $1,182,500 in March 2024, up 6.1% from last year, and the median price per square foot was $358.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $550K | $569K | +3.5% |
| 3 Bedrooms | $811K | $860K | +6.0% |
| 4 Bedrooms | $1.0M | $1.0M | +0.7% |
| 5+ Bedrooms | $1.4M | $1.3M | -3.7% |
Summary: 22182 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 3.7%.
Housing Supply in 22182, VA
How many homes are available in 22182, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 105 | 115 | +9.5% |
Summary: The 22182 real estate market had 115 homes for sale in March 2024, a 9.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 40 | 36 | -10.0% |
| 5+ Bedrooms | 49 | 56 | +14.3% |
Summary: The 22182 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 increased by 200%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22182, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 22182 in March 2024, up by 30.8% month-over-month. Of the 17 sold homes, 24% were sold under asking, 24% were sold at asking, and 53% were sold over asking.
Days on Market for 22182, VA
How long does it take to sell a home in 22182, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 8 Days | -64.6% |
Summary: Homes in 22182 had an average of 8 days on market in Mar 2024, down by 64.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22182 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 22182; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
