Is 22305, 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, 22305 has remained a Seller's Market.
Housing Prices in 22305, VA
How much do homes in 22305, VA cost?
Median Sold Price
$762,500
$460/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22305 was $762,500 in March 2024, down 0.3% from last year, and the median price per square foot was $460.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $247.5K | +16.5% |
2 Bedrooms | $692.5K | $667K | -3.7% |
3 Bedrooms | $775K | $780K | +0.6% |
4 Bedrooms | $890K | $1.1M | +26.4% |
5+ Bedrooms | $1.4M | $1.5M | +1.5% |
Summary: 22305 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 22305, VA
How many homes are available in 22305, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 60 | +20.0% |
Summary: The 22305 real estate market had 60 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 14 | +40.0% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 22305 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 40%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 22305 in March 2024, up by 57.1% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for 22305, VA
How long does it take to sell a home in 22305, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 8 Days | -86.4% |
Summary: Homes in 22305 had an average of 8 days on market in Mar 2024, down by 86.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 22305; 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.