Is 22203, 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, 22203 was a Neutral Market.
Key Takeaway
22203 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22203, VA
How much do homes in 22203, VA cost?
Median Sold Price
$581,500
$452/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22203 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 22203 was $581,500 in March 2024, up 5.2% from last year, and the median price per square foot was $452.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $308.1K | -23.0% |
| 2 Bedrooms | $563.7K | $571K | +1.3% |
| 3 Bedrooms | $885K | $910K | +2.8% |
| 4 Bedrooms | $1.0M | $1.1M | +15.0% |
| 5+ Bedrooms | $1.2M | $1.5M | +21.8% |
Summary: 22203 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 21.8%.
Housing Supply in 22203, VA
How many homes are available in 22203, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 120 | 124 | +3.3% |
Summary: The 22203 real estate market had 124 homes for sale in March 2024, a 3.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 43 | +4.9% |
| 2 Bedrooms | 36 | 36 | 0.0% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 22203 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.9%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22203, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 22203 in March 2024, down by 19.0% month-over-month. Of the 17 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.
Days on Market for 22203, VA
How long does it take to sell a home in 22203, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 27 Days | -17.7% |
Summary: Homes in 22203 had an average of 27 days on market in Mar 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
13 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 22203 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 22203; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
