Is 22306, 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, 22306 was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $176.2K | +0.7% |
2 Bedrooms | $360K | $490K | +36.1% |
3 Bedrooms | $540K | $575K | +6.5% |
4 Bedrooms | $717.5K | $699.7K | -2.5% |
5+ Bedrooms | $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%.
Housing Supply in 22306, VA
How many homes are available in 22306, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
99 | 108 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 32 | 34 | +6.3% |
4 Bedrooms | 29 | 36 | +24.1% |
5+ Bedrooms | 25 | 28 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
22 | 14 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
47 Days | 26 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
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.