Is 22209, 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, 22209 was a Neutral Market.
Key Takeaway
22209 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22209, VA
How much do homes in 22209, VA cost?
Median Sold Price
$625,000
$557/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22209 have sold for 25% more than they did a year ago.
Summary: The median home sold price in 22209 was $625,000 in March 2024, up 25% from last year, and the median price per square foot was $557.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $379.5K | +26.9% |
| 2 Bedrooms | $855K | $887.5K | +3.8% |
| 3 Bedrooms | $1.1M | $1.5M | +35.5% |
| 4 Bedrooms | $1.5M | $2.4M | +58.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: 22209 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.9%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 35.5%, 4 bedroom homes increased by 58.6%, and 5+ bedroom homes did not change.
Housing Supply in 22209, VA
How many homes are available in 22209, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 132 | 141 | +6.8% |
Summary: The 22209 real estate market had 141 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 46 | 46 | 0.0% |
| 2 Bedrooms | 58 | 65 | +12.1% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 22209 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 12.1%, 3 bedroom homes increased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22209, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 22209 in March 2024, up by 50.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for 22209, VA
How long does it take to sell a home in 22209, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 86 Days | +176.6% |
Summary: Homes in 22209 had an average of 86 days on market in Mar 2024, up by 176.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22209 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in 22209; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
