Is 22193, 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, 22193 has remained a Seller's Market.
Key Takeaway
22193 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22193, VA
How much do homes in 22193, VA cost?
Median Sold Price
$470,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22193 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 22193 was $470,000 in March 2024, up 6.8% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $279.5K | $408.1K | +46.0% |
| 3 Bedrooms | $383.3K | $415K | +8.3% |
| 4 Bedrooms | $480K | $500K | +4.2% |
| 5+ Bedrooms | $584.9K | $630K | +7.7% |
Summary: 22193 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 46%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in 22193, VA
How many homes are available in 22193, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 235 | 260 | +10.6% |
Summary: The 22193 real estate market had 260 homes for sale in March 2024, a 10.6% 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 | 7 | 8 | +14.3% |
| 3 Bedrooms | 84 | 98 | +16.7% |
| 4 Bedrooms | 84 | 93 | +10.7% |
| 5+ Bedrooms | 60 | 61 | +1.7% |
Summary: The 22193 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 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 1.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 58 | +23.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22193, you could pay more than the asking price. 58.6% of homes here sold above asking price last month.
Summary: A total of 58 homes were sold or pending in 22193 in March 2024, up by 23.4% month-over-month. Of the 58 sold homes, 19% were sold under asking, 22% were sold at asking, and 59% were sold over asking.
Days on Market for 22193, VA
How long does it take to sell a home in 22193, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 16 Days | -27.2% |
Summary: Homes in 22193 had an average of 16 days on market in Mar 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22193 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 58 homes were sold in 22193; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
