Is 22302, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 22302 has remained a Seller's Market.
Housing Prices in 22302, VA
How much do homes in 22302, VA cost?
Median Sold Price
$400,000
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 22302 was $400,000 in April 2024, up 2.7% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $300K | +13.2% |
2 Bedrooms | $393.1K | $425K | +8.1% |
3 Bedrooms | $867.5K | $725K | -16.4% |
4 Bedrooms | $1.1M | $1.1M | -2.0% |
5+ Bedrooms | $1.8M | $1.4M | -22.2% |
Summary: 22302 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 8.1%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 22.2%.
Housing Supply in 22302, VA
How many homes are available in 22302, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 78 | +52.9% |
Summary: The 22302 real estate market had 78 homes for sale in April 2024, a 52.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 24 | +41.2% |
2 Bedrooms | 17 | 24 | +41.2% |
3 Bedrooms | 9 | 15 | +66.7% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 3 | 10 | +233.3% |
Summary: The 22302 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 41.2%, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 233.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 22302 in April 2024, up by 23.5% month-over-month. Of the 21 sold homes, 14% were sold under asking, 33% were sold at asking, and 52% were sold over asking.
Days on Market for 22302, VA
How long does it take to sell a home in 22302, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 9 Days | -17.5% |
Summary: Homes in 22302 had an average of 9 days on market in Apr 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in 22302; 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.