Is 22191, 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, 22191 has remained a Seller's Market.
Key Takeaway
22191 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22191, VA
How much do homes in 22191, VA cost?
Median Sold Price
$455,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22191 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 22191 was $455,000 in March 2024, up 6.2% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257.5K | $367.5K | +42.7% |
| 2 Bedrooms | $354.5K | $370K | +4.4% |
| 3 Bedrooms | $411K | $430K | +4.6% |
| 4 Bedrooms | $499K | $512.5K | +2.7% |
| 5+ Bedrooms | $632.5K | $705K | +11.5% |
Summary: 22191 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in 22191, VA
How many homes are available in 22191, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 199 | 218 | +9.5% |
Summary: The 22191 real estate market had 218 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 | 23 | 28 | +21.7% |
| 3 Bedrooms | 74 | 84 | +13.5% |
| 4 Bedrooms | 75 | 74 | -1.3% |
| 5+ Bedrooms | 27 | 32 | +18.5% |
Summary: The 22191 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 21.7%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 40 | -9.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22191, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in 22191 in March 2024, down by 9.1% month-over-month. Of the 40 sold homes, 20% were sold under asking, 35% were sold at asking, and 45% were sold over asking.
Days on Market for 22191, VA
How long does it take to sell a home in 22191, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +3.4% |
Summary: Homes in 22191 had an average of 20 days on market in Mar 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22191 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 40 homes were sold in 22191; 90% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
