Is 22407, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22407 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 22407 has remained a Seller's Market.

Key Takeaway

22407 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 22407, VA cost?

Median Sold Price

$355,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$35,000(+10.9%)

Key Takeaway

Homes in 22407 have sold for 10.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $255K$255K
0.0%
3 $290K$315K
+8.6%
4 $370K$399.7K
+8.0%
5+ $403K$470K
+16.6%

Median Sold Price Compared To Nearby Zip Codes

22553
+12.6%
22407
+10.9%

How many homes are available in 22407, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
159141-11.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 89
+12.5%
3 6661
-7.6%
4 5850
-13.8%
5+ 2721
-22.2%

Number of Homes Sold

Nov 2021Dec 2021%
53530.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22407, you could pay more than the asking price. 37.7% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
7 Days18 Days+138.9%

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22407 are selling fast, if you're buying plan to act quickly.

About 22407, VA

22407, VA has 141 homes on the market. The number of homes for sale in 22407, VA decreased by 11.3% between November 2021 and December 2021. In December 2021 median list price was $355,000 and the average listing age was 18 days. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties stayed the same, prices of 3 bedrooms properties increased by 8.6%, the cost of 4 bedrooms properties went up by 8%, 5 bedrooms properties prices increased by 16.6%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 12.5%, 3 bedrooms homes became 7.6% less available, volume of 4 bedrooms homes went down by 13.8%, volume of 5 bedrooms homes went down by 22.2%. Over 20 listings were sold over their listed price in December 2021 in 22407, VA. In the same period over 15 listings were sold below the listed price and 18 listings were sold for the listed price.