Is 22206, 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, 22206 has remained a Seller's Market.
Key Takeaway
22206 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22206, VA
How much do homes in 22206, VA cost?
Median Sold Price
$550,000
$430/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22206 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 22206 was $550,000 in March 2024, up 1.6% from last year, and the median price per square foot was $430.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $350.5K | -2.6% |
| 2 Bedrooms | $550K | $550K | 0.0% |
| 3 Bedrooms | $699.2K | $709K | +1.4% |
| 4 Bedrooms | $682.5K | $895K | +31.1% |
| 5+ Bedrooms | $1.0M | $1.3M | +26.2% |
Summary: 22206 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes increased by 26.2%.
Housing Supply in 22206, VA
How many homes are available in 22206, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 87 | 83 | -4.6% |
Summary: The 22206 real estate market had 83 homes for sale in March 2024, a 4.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 50 | 49 | -2.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 22206 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 decreased by 2%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22206, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 22206 in March 2024, up by 21.4% month-over-month. Of the 17 sold homes, 6% were sold under asking, 41% were sold at asking, and 53% were sold over asking.
Days on Market for 22206, VA
How long does it take to sell a home in 22206, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 9 Days | -14.4% |
Summary: Homes in 22206 had an average of 9 days on market in Mar 2024, down by 14.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22206 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 22206; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
