Is 22408, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22408 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 22408 has remained a Seller's Market.

Key Takeaway

22408 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 22408, VA cost?

Median Sold Price

$349,950

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$29,950(+9.4%)

Key Takeaway

Homes in 22408 have sold for 9.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $211K$232K
+10.0%
3 $285K$310K
+8.8%
4 $341K$395.5K
+16.0%
5+ $393K$477.9K
+21.6%

How many homes are available in 22408, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
7590+20.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 85
-37.5%
3 2940
+37.9%
4 3034
+13.3%
5+ 811
+37.5%

Number of Homes Sold

Nov 2021Dec 2021%
1830+66.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22408, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
9 Days18 Days+91.2%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22408 are selling fast, if you're buying plan to act quickly.

About 22408, VA

Homes for sale in 22408, VA have reached 90. The number of homes for sale in 22408, VA increased by 20% between November 2021 and December 2021. The median list price of listings available in December 2021 was $349,950, while the average time on the real estate market was 18 days. Listing prices have changed in this real estate market between November 2021 and December 2021: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 10% more expensive, the cost of 3 bedrooms properties went up by 8.8%, prices of 4 bedrooms properties went up by 16%, prices of 5 bedrooms properties increased by 21.6%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 37.5% less available, number of 3 bedrooms homes increased by 37.9%, number of 4 bedrooms homes increased by 13.3%, 5 bedrooms homes became 37.5% more available. 22408, VA housing market in December 2021 saw over 12 listings sold above listed price, more than 11 sold at listed price and over 7 sold below.