Is 22202, 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, 22202 was a Neutral Market.
Key Takeaway
22202 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22202, VA
How much do homes in 22202, VA cost?
Median Sold Price
$660,000
$482/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22202 have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in 22202 was $660,000 in March 2024, down 2.2% from last year, and the median price per square foot was $482.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $369.9K | +12.1% |
| 2 Bedrooms | $640K | $624.9K | -2.4% |
| 3 Bedrooms | $925K | $925K | 0.0% |
| 4 Bedrooms | $1.2M | $1.2M | -6.8% |
| 5+ Bedrooms | $1.5M | $1.7M | +18.3% |
Summary: 22202 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 18.3%.
Housing Supply in 22202, VA
How many homes are available in 22202, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 112 | 118 | +5.4% |
Summary: The 22202 real estate market had 118 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 26 | -7.1% |
| 2 Bedrooms | 41 | 44 | +7.3% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 12 | 18 | +50.0% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The 22202 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22202, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in 22202 in March 2024, down by 33.3% month-over-month. Of the 10 sold homes, 30% were sold under asking, 50% were sold at asking, and 20% were sold over asking.
Days on Market for 22202, VA
How long does it take to sell a home in 22202, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 29 Days | -27.8% |
Summary: Homes in 22202 had an average of 29 days on market in Mar 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22202 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in 22202; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
