Is 22408, 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, 22408 has remained a Seller's Market.
Housing Prices in 22408, VA
How much do homes in 22408, VA cost?
Median Sold Price
$418,333
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22408 was $418,333 in March 2024, up 7.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $225K | N/A |
2 Bedrooms | $261.5K | $295K | +12.8% |
3 Bedrooms | $343.5K | $375K | +9.2% |
4 Bedrooms | $450K | $465K | +3.3% |
5+ Bedrooms | $520K | $550K | +5.8% |
Summary: 22408 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in 22408, VA
How many homes are available in 22408, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
170 | 183 | +7.6% |
Summary: The 22408 real estate market had 183 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 59 | 67 | +13.6% |
4 Bedrooms | 59 | 61 | +3.4% |
5+ Bedrooms | 40 | 42 | +5.0% |
Summary: The 22408 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 9.1%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 41 | 0.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 22408 in March 2024, the same as the previous month. Of the 41 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% were sold over asking.
Days on Market for 22408, VA
How long does it take to sell a home in 22408, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 15 Days | -53.8% |
Summary: Homes in 22408 had an average of 15 days on market in Mar 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in 22408; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.