Is 22427, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22427 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 22427 has remained a Buyer's Market.

Key Takeaway

22427 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 22427, VA cost?

Median Sold Price

$439,490

$144/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$134,495(+44.1%)

Key Takeaway

Homes in 22427 have sold for 44.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 $304.9K$90K
-70.5%
4 $258.4K-
N/A
5+ -$444.9K
N/A

Median Sold Price Compared To Nearby Zip Codes

22427
+44.1%
22514
-22.5%

How many homes are available in 22427, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
3438+11.8%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 1010
0.0%
4 1015
+50.0%
5+ 1413
-7.1%

Number of Homes Sold

Nov 2021Dec 2021%
45+25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22427, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Dec 2021%
52 Days67 Days+29.4%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 22427 has remained consistent over time.

About 22427, VA

There are 38 homes are for sale in 22427, VA real estate market. The number of homes for sale in 22427, VA increased by 11.8% between November 2021 and December 2021. In December 2021, listings were on the market for 67 days. During the same period, the median list price in this real estate market was $439,490. Real estate listing prices changed between December 2020 and December 2021: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 0% more expensive, prices of 3 bedrooms properties decreased by 70.5%, the cost of 4 bedrooms properties went up by 0%, 5 bedrooms properties prices increased by 0%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes increased by 50%, number of 5 bedrooms homes decreased by 7.1%. In December 2021 more than 1 listings in 22427, VA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 0 were sold below.