Is 22192, 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, 22192 has remained a Seller's Market.
Key Takeaway
22192 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22192, VA
How much do homes in 22192, VA cost?
Median Sold Price
$485,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22192 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 22192 was $485,000 in March 2024, up 9.6% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $200K | +5.3% |
| 2 Bedrooms | $278.5K | $287K | +3.1% |
| 3 Bedrooms | $402K | $450K | +11.9% |
| 4 Bedrooms | $560K | $607K | +8.4% |
| 5+ Bedrooms | $685K | $729.9K | +6.6% |
Summary: 22192 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in 22192, VA
How many homes are available in 22192, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 214 | 207 | -3.3% |
Summary: The 22192 real estate market had 207 homes for sale in March 2024, a 3.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 77 | 78 | +1.3% |
| 4 Bedrooms | 75 | 72 | -4.0% |
| 5+ Bedrooms | 34 | 31 | -8.8% |
Summary: The 22192 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 8.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 43 | -15.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22192, you could pay more than the asking price. 67.4% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in 22192 in March 2024, down by 15.7% month-over-month. Of the 43 sold homes, 12% were sold under asking, 21% were sold at asking, and 67% were sold over asking.
Days on Market for 22192, VA
How long does it take to sell a home in 22192, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 8 Days | -42.8% |
Summary: Homes in 22192 had an average of 8 days on market in Mar 2024, down by 42.8% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22192 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 43 homes were sold in 22192; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
