Is 22401, 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, 22401 was a Seller's Market.
Housing Prices in 22401, VA
How much do homes in 22401, VA cost?
Median Sold Price
$450,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22401 was $450,000 in March 2024, up 8.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $345K | +56.8% |
2 Bedrooms | $225K | $329.9K | +46.6% |
3 Bedrooms | $392K | $432K | +10.2% |
4 Bedrooms | $500K | $522.5K | +4.5% |
5+ Bedrooms | $555K | $670.5K | +20.8% |
Summary: 22401 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.8%, 2 bedroom homes increased by 46.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 20.8%.
Housing Supply in 22401, VA
How many homes are available in 22401, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
161 | 173 | +7.5% |
Summary: The 22401 real estate market had 173 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 49 | 58 | +18.4% |
4 Bedrooms | 57 | 57 | 0.0% |
5+ Bedrooms | 31 | 31 | 0.0% |
Summary: The 22401 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 21.4%, 3 bedroom homes increased by 18.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 22401 in March 2024, up by 26.7% month-over-month. Of the 19 sold homes, 21% were sold under asking, 37% were sold at asking, and 42% were sold over asking.
Days on Market for 22401, VA
How long does it take to sell a home in 22401, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 34 Days | +38.9% |
Summary: Homes in 22401 had an average of 34 days on market in Mar 2024, up by 38.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 22401; 84% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.