Is 22314, 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, 22314 has remained a Seller's Market.
Key Takeaway
22314 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22314, VA
How much do homes in 22314, VA cost?
Median Sold Price
$810,507
$581/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22314 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 22314 was $810,507 in March 2024, up 2.3% from last year, and the median price per square foot was $581.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | $426.1K | -2.0% |
| 2 Bedrooms | $709.5K | $750K | +5.7% |
| 3 Bedrooms | $1.0M | $1.0M | +4.4% |
| 4 Bedrooms | $1.2M | $1.2M | -1.8% |
| 5+ Bedrooms | $1.7M | $2.2M | +27.9% |
Summary: 22314 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 27.9%.
Housing Supply in 22314, VA
How many homes are available in 22314, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 306 | 307 | 0.3% |
Summary: The 22314 real estate market had 307 homes for sale in March 2024, a 0.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 47 | 44 | -6.4% |
| 2 Bedrooms | 126 | 125 | -0.8% |
| 3 Bedrooms | 84 | 88 | +4.8% |
| 4 Bedrooms | 38 | 41 | +7.9% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The 22314 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.4%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 55 | +7.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22314, you could pay more than the asking price. 50.9% of homes here sold above asking price last month.
Summary: A total of 55 homes were sold or pending in 22314 in March 2024, up by 7.8% month-over-month. Of the 55 sold homes, 22% were sold under asking, 27% were sold at asking, and 51% were sold over asking.
Days on Market for 22314, VA
How long does it take to sell a home in 22314, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 21 Days | -31.5% |
Summary: Homes in 22314 had an average of 21 days on market in Mar 2024, down by 31.5% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22314 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 55 homes were sold in 22314; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
