Is 22204, 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, 22204 was a Neutral Market.
Key Takeaway
22204 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22204, VA
How much do homes in 22204, VA cost?
Median Sold Price
$649,666
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22204 have sold for 20.9% more than they did a year ago.
Summary: The median home sold price in 22204 was $649,666 in March 2024, up 20.9% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $246K | -23.1% |
| 2 Bedrooms | $449.9K | $470K | +4.4% |
| 3 Bedrooms | $738.5K | $762.5K | +3.2% |
| 4 Bedrooms | $875K | $960K | +9.7% |
| 5+ Bedrooms | $1.1M | $1.2M | +15.9% |
Summary: 22204 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 15.9%.
Housing Supply in 22204, VA
How many homes are available in 22204, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 176 | 177 | +0.6% |
Summary: The 22204 real estate market had 177 homes for sale in March 2024, a 0.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 17 | 0.0% |
| 2 Bedrooms | 51 | 54 | +5.9% |
| 3 Bedrooms | 45 | 45 | 0.0% |
| 4 Bedrooms | 33 | 31 | -6.1% |
| 5+ Bedrooms | 30 | 30 | 0.0% |
Summary: The 22204 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 5.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22204, you could pay more than the asking price. 56% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 22204 in March 2024, down by 13.8% month-over-month. Of the 25 sold homes, 12% were sold under asking, 32% were sold at asking, and 56% were sold over asking.
Days on Market for 22204, VA
How long does it take to sell a home in 22204, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 18 Days | -47.1% |
Summary: Homes in 22204 had an average of 18 days on market in Mar 2024, down by 47.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22204 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 22204; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
