Is 22303, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 22303 was a Seller's Market.
Housing Prices in 22303, VA
How much do homes in 22303, VA cost?
Median Sold Price
$419,500
$378/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 22303 was $419,500 in February 2024, down 9.6% from last year, and the median price per square foot was $378.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $269.2K | $315K | +17.0% |
2 Bedrooms | $440.5K | $447.5K | +1.6% |
3 Bedrooms | $600K | $565K | -5.8% |
4 Bedrooms | $590K | $580K | -1.7% |
5+ Bedrooms | $912.5K | - | N/A |
Summary: 22303 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes did not change.
Housing Supply in 22303, VA
How many homes are available in 22303, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
67 | 92 | +37.3% |
Summary: The 22303 real estate market had 92 homes for sale in February 2024, a 37.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 17 | +30.8% |
2 Bedrooms | 31 | 42 | +35.5% |
3 Bedrooms | 14 | 22 | +57.1% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 22303 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 35.5%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 22303 in February 2024, up by 44.4% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for 22303, VA
How long does it take to sell a home in 22303, VA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
35 Days | 22 Days | -36.2% |
Summary: Homes in 22303 had an average of 22 days on market in Feb 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 13 homes were sold in 22303; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.