Is 22308, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 22308 was a Neutral Market.
Housing Prices in 22308, VA
How much do homes in 22308, VA cost?
Median Sold Price
$890,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22308 was $890,000 in March 2024, up 5.3% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.2M | - | N/A |
2 Bedrooms | $675K | $915K | +35.6% |
3 Bedrooms | $739.5K | $747.5K | +1.1% |
4 Bedrooms | $832.5K | $870K | +4.5% |
5+ Bedrooms | $1.1M | $1.0M | -7.3% |
Summary: 22308 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 7.3%.
Housing Supply in 22308, VA
How many homes are available in 22308, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 77 | +14.9% |
Summary: The 22308 real estate market had 77 homes for sale in March 2024, a 14.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 38 | 45 | +18.4% |
5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The 22308 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 remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 22308 in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 22308, VA
How long does it take to sell a home in 22308, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 21 Days | -57.5% |
Summary: Homes in 22308 had an average of 21 days on market in Mar 2024, down by 57.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 22308; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.