Is 22205, 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, 22205 has remained a Buyer's Market.
Key Takeaway
22205 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22205, VA
How much do homes in 22205, VA cost?
Median Sold Price
$1,135,000
$473/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22205 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 22205 was $1,135,000 in March 2024, up 2.3% from last year, and the median price per square foot was $473.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $735K | $850K | +15.6% |
| 3 Bedrooms | $900K | $945K | +5.0% |
| 4 Bedrooms | $1.1M | $1.1M | +1.5% |
| 5+ Bedrooms | $1.6M | $1.7M | +7.1% |
Summary: 22205 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 15.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 22205, VA
How many homes are available in 22205, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 94 | 102 | +8.5% |
Summary: The 22205 real estate market had 102 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 22 | 26 | +18.2% |
| 5+ Bedrooms | 46 | 50 | +8.7% |
Summary: The 22205 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 33.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22205, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 22205 in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for 22205, VA
How long does it take to sell a home in 22205, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 8 Days | 8 Days | +5.6% |
Summary: Homes in 22205 had an average of 8 days on market in Mar 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22205 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in 22205; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
