Is 22303, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22303 is a neutral's market

Buyer's
Market

Difference Since January 2022

At the same time last year, 22303 was a Seller's Market.

Key Takeaway

22303 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 22303, VA cost?

Median Sold Price

$472,900

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

-$25,600(-5.1%)

Key Takeaway

Homes in 22303 have sold for 5.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $282.5K$299.9K
+6.2%
2 $465K$437K
-6.0%
3 $585K$589K
+0.7%
4 $615K$690.7K
+12.3%
5+ $610K$859.7K
+40.9%

Median Sold Price Compared To Nearby Zip Codes

22307
+21.2%
22310
+6.1%
22314
0%
22306
-0.5%
22303
-5.1%

How many homes are available in 22303, VA?

Number of Homes For Sale

Dec 2022Jan 2023%
6155-9.8%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 1414
0.0%
2 2117
-19.0%
3 1615
-6.3%
4 98
-11.1%
5+ 11
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
149-35.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22303, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
17 Days41 Days+144.4%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22303 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 22303, VA

There are 55 homes are for sale in 22303, VA real estate market. In January 2023 in 22303, VA there were 9.8% less homes for sale than in December 2022. In January 2023, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $472,900. This housing market listing prices have changed between December 2022 and January 2023: 1 bedroom properties became 6.2% more expensive, prices of 2 bedrooms properties went down by 6%, prices of 3 bedrooms properties went up by 0.7%, prices of 4 bedrooms properties went up by 12.3%, the cost of 5 bedrooms properties went up by 40.9%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 19%, 3 bedrooms homes inventory decreased by 6.3%, 4 bedrooms homes became 11.1% less available, 5 bedrooms homes inventory did not change. While more than 2 listings in 22303, VA in January 2023 were sold above asking price, there were more than 1 listings sold at asking price, and more than 6 were sold below.