Is 22201, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 22201 has remained a Seller's Market.
Key Takeaway
22201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22201, VA
How much do homes in 22201, VA cost?
Median Sold Price
$645,666
$568/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 22201 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 22201 was $645,666 in April 2024, up 5% from last year, and the median price per square foot was $568.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $412.5K | +4.4% |
| 2 Bedrooms | $585K | $637.5K | +9.0% |
| 3 Bedrooms | $958.5K | $1.0M | +12.2% |
| 4 Bedrooms | $1.2M | $1.3M | +4.8% |
| 5+ Bedrooms | $2.1M | $2.0M | -1.4% |
Summary: 22201 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in 22201, VA
How many homes are available in 22201, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 102 | 118 | +15.7% |
Summary: The 22201 real estate market had 118 homes for sale in April 2024, a 15.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 36 | -5.3% |
| 2 Bedrooms | 33 | 36 | +9.1% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 8 | 16 | +100.0% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The 22201 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 42 | +23.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22201, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 22201 in April 2024, up by 23.5% month-over-month. Of the 42 sold homes, 45% were sold under asking, 19% were sold at asking, and 36% were sold over asking.
Days on Market for 22201, VA
How long does it take to sell a home in 22201, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 32 Days | +102.1% |
Summary: Homes in 22201 had an average of 32 days on market in Apr 2024, up by 102.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22201 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 42 homes were sold in 22201; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
