Is 22407, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 22407 has remained a Seller's Market.
Housing Prices in 22407, VA
How much do homes in 22407, VA cost?
Median Sold Price
$432,329
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 22407 was $432,329 in April 2024, up 8.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $406.3K | $225K | -44.6% |
2 Bedrooms | $329.9K | $350K | +6.1% |
3 Bedrooms | $355K | $374.9K | +5.6% |
4 Bedrooms | $476.4K | $489K | +2.6% |
5+ Bedrooms | $564.9K | $569.9K | +0.9% |
Summary: 22407 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.6%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in 22407, VA
How many homes are available in 22407, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
278 | 282 | +1.4% |
Summary: The 22407 real estate market had 282 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 26 | 22 | -15.4% |
3 Bedrooms | 101 | 101 | 0.0% |
4 Bedrooms | 113 | 110 | -2.7% |
5+ Bedrooms | 38 | 49 | +28.9% |
Summary: The 22407 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 28.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 87 | -2.2% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in 22407 in April 2024, down by 2.2% month-over-month. Of the 86 sold homes, 29% were sold under asking, 26% were sold at asking, and 45% were sold over asking.
Days on Market for 22407, VA
How long does it take to sell a home in 22407, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 25 Days | +47.6% |
Summary: Homes in 22407 had an average of 25 days on market in Apr 2024, up by 47.6% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 87 homes were sold in 22407; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.