Is 22306, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22306 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 22306 was a Seller's Market.

Key Takeaway

22306 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 22306, VA

How much do homes in 22306, VA cost?

Median Sold Price

$619,758

$325/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$29,758(+5.0%)

Key Takeaway

Homes in 22306 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 22306 was $619,758 in February 2024, up 5% from last year, and the median price per square foot was $325.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $175K$176.2K
+0.7%
2 $360K$490K
+36.1%
3 $540K$575K
+6.5%
4 $717.5K$699.7K
-2.5%
5+ $797.4K$800K
0.3%

Summary: 22306 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 36.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Zip Codes

22306
+5.0%
22310
+1.5%
22308
0.5%
22307
-2.1%
22303
-9.6%

Housing Supply in 22306, VA

How many homes are available in 22306, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
99108+9.1%

Summary: The 22306 real estate market had 108 homes for sale in February 2024, a 9.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 1210
-16.7%
3 3234
+6.3%
4 2936
+24.1%
5+ 2528
+12.0%

Summary: The 22306 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 12%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2214-36.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22306, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 22306 in February 2024, down by 36.4% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for 22306, VA

How long does it take to sell a home in 22306, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days26 Days-43.5%

Summary: Homes in 22306 had an average of 26 days on market in Feb 2024, down by 43.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22306 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 14 homes were sold in 22306; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

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

Report Updated 28 Days Ago

Newest Listings in 22306, VA

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